Reliance becomes the first 200 billion dollar company. Mukesh Ambani’s company Reliance Industries is constantly flagging success. Foreign companies are investing on different platforms of Reliance. Within about 3 months during the lockdown, Reliance has garnered an investment of about Rs 1.52 lakh crore from 13 investors across the world for its subsidiary Jio Platforms.
Reliance becomes the first 200 billion dollar company
At the same time, companies are also showing interest in Reliance Retail. American private equity company Silver Lake Partners has announced 7500 crore investment in Reliance Retail.
Amidst these reports, Reliance has now become the first company in the country to achieve a market cap of $ 200 billion. The company has got this success after the stock price surge.
Reliance stock crossed the record level of Rs 2,300 with a jump of over 7 per cent in Thursday’s trading. At the end of trading, the stock closed at 2314.65 points, up 7.10 percent.
At the end of business, the market cap of Reliance on the BSE index was close to Rs 14,67,350.26 crore. Let us know that Reliance has become a debt-free company about 9 months before the deadline.