On Monday, Mukesh Ambani’s Reliance Industries Ltd (RIL) ‘s total market capitalization crossed the Rs 11.5 lakh crore mark. The rise in the company’s share price has led to an increase in market capitalization. RIL, the country’s most valuable company, achieved market capitalization of Rs 11 lakh crore in June itself and became the first company in the country to reach this milestone.
Today, the stock of RIL, which has a large weight on the Bombay Stock Exchange (BSE), rose 2.55 per cent to Rs 1,833.10 per share during trading. At the same time, its share price on the National Stock Exchange (NSE) rose 2.55 per cent to reach the highest level of Rs 1,833.50.
The company raised a significant amount of money during the last two months through a rights issue and sale of a partial stake to major global investors, after which the company became pure debt-free. Recently, Jio platforms were invested by Facebook, KKR, Silver Lake, Vista Equity, General Atlantic, Mubadla, TPG, etc. 53,124.20 crore has been raised through the rights issue. The company’s stock has climbed more than 19 percent so far this year.