• About Us
  • Share Your Story
  • Advertise with US
  • Career
  • Contact Us
startup insider
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Events & Conferences
  • PodCast
  • Press Release
  • Gues Post
No Result
View All Result
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Events & Conferences
  • PodCast
  • Press Release
  • Gues Post
No Result
View All Result
startup insider
No Result
View All Result
Home News & Updates

Reliance Market Valuation Crosses Rs 11.5 Lakh Crore-mark Due to Rise in Share Price

in News & Updates
0
Reliance Market Valuation Crosses Rs 11.5 Lakh Crore-mark Due to Rise in Share Price
Share on FacebookShare on Twitter

The market capitalization of Mukesh Ambani-led Reliance Industries Limited today crossed the Rs 11.5 lakh crore mark. This is the first ever Indian company to achieve this target. Today, the company’s share price rose 2.55 per cent to 1833.10 points on the BSE. The company’s stock rose 2.55 per cent to an all-time high of 1833.50 on the NSE.

This increased the market capitalization of the company by Rs 26150.05 crore to Rs 1159318.60 crore in morning trade. This is the best performance of the company’s shares in the last 52 weeks. Mukesh Ambani led Reliance Industries Limited (RIL) share price surged 2.5 per cent to a record high of 1833.10 on Monday. Multiple series of investments resulted in the company’s market capitalization crossing the Rs 11.5 lakh crore mark. Almost 12 have 25.09 per cent stake in Reliance Jio.

Significantly, this is the first time that Mukesh Ambani’s market cap has crossed the Rs 11.5 lakh crore mark after US multinational company Intel announced an investment of Rs 1894.50 crore in Reliance Industries’ Jio Platforms. This is the 12th investment by foreign companies in Reliance Jio in about three months. Before Intel, Facebook, Silver Lake Partners, Vista, General Atlantic, KKR, Mubadala, Silver Lake, ADIA, TPG, L Catterton, PIF have invested in Jio. Jio is now expected to cross the 12 lakh crores market capitalization mark after few months.

Read More: TikTok May Lose Up To $6 Billion As Result Of India Ban

The amount collected got used by the company to expand its digital services and reduce debt. On June 19 2020, the company announced to become entirely debt-free before the target. On the same day, the company’s market capitalization had crossed the 11 lakh crore mark. Tata Consultancy Services (TCS) and Reliance Industries were the biggest gainers in this week in the fluctuating market hit by a coronavirus. Last week, the 30-share BSE Sensex gained 850.15 points or 2.41 per cent. TCS’s market capitalization rose by Rs 31,294.89 crore to Rs 8,25,149.40 crore in the week under review.

Tags: ambanimukeshreliancesharesstake
ShareTweetShare
Previous Post

TikTok May Lose Up To $6 Billion As Result Of India Ban

Next Post

Reliance & British Petroleum announce fuel retailing venture: Jio-BP

Harsh Verma

Harsh Verma

Related Posts

GIC
News & Updates

Singapore’s GIC to set up $3 billion India-focused public market fund: Report

November 30, 2020
plum
News & Updates

Beauty brand Plum Raises 110 Crore in Series B Funding

November 29, 2020
Sharechat
News & Updates

Google May Acquire ShareChat in RS. 7,600 crore

November 29, 2020
ola electic
News & Updates

Ola Is Planning To Launch Its First Electric Scooter In January 2021

November 29, 2020
scapic
News & Updates

Flipkart Acquires AR Startup Scapic to Enhance The Shopping Experience

November 21, 2020
startup insider
News & Updates

5 Ultimate Strategies to Make Your Startup Successful

November 21, 2020
Next Post
Reliance & British Petroleum announce fuel retailing venture: Jio-BP

Reliance & British Petroleum announce fuel retailing venture: Jio-BP

ADVERTISEMENT
  • banksathi

    Despite Covid-19 challenges, Banksathi founders committed to their Craft

    1 shares
    Share 0 Tweet 0
  • Unique Hobbies Based Startup HOBBYHUB

    1 shares
    Share 0 Tweet 0
  • Amazon All Set To Enter India’s Food Delivery Market

    1 shares
    Share 0 Tweet 0
  • Tim Cook Confirms: First Apple Retail Store To Be Opened By 2021

    1 shares
    Share 0 Tweet 0
  • Ashish Rudhra: India’s Fastest Growing Digital Marketer

    65 shares
    Share 65 Tweet 0
Biggbang

How BiggBang Coworking Aims to help Startups in Chandigarh

January 15, 2021
pratik

DigiTecholic, Inc. Founder & CEO Pratik Sinha is India’s ninth youngest self-made millionaire

January 14, 2021
Wireless Headphone

Top 5 Best Cheap Wireless Headphone Deals Waiting For You To Grab

January 7, 2021
startup insider

Startup Insider is a prominent news website which deals with startup news, stories, interview tips, gives the latest update about events and conferences. We aim to provide significant knowledge and information to the people who visit this website.

Contact us for story and interview or advertisement media@startupinsider.in

Categories

  • Events & Conferences
  • Gues Post
  • Interviews
  • News & Updates
  • Press Release
  • Startup Stories

Recent News

Biggbang

How BiggBang Coworking Aims to help Startups in Chandigarh

January 15, 2021
pratik

DigiTecholic, Inc. Founder & CEO Pratik Sinha is India’s ninth youngest self-made millionaire

January 14, 2021
  • About Us
  • Contact Us
  • Interview
  • Share Your Story
  • Advertise with Us
  • Career
  • Privacy
  • Terms of Use

© 2020 Startup Insider

No Result
View All Result
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Events & Conferences
  • PodCast
  • Press Release
  • Gues Post

© 2020 Startup Insider