RIL becomes first Indian company to hit $150 bn M-cap mark
- Mukesh Ambani owned Reliance Industries Limited (RIL) has become the first Indian company to enter the exclusive club of $150 billion in market capitalisation.
- The Shares of the company soared 6.2% to hit a new all-time high of Rs 1,788.60 on the BSE on 19 June before ending at Rs 1,759.50 (up over 6 percent)
- RIL now has a market capitalisation of $151.2 billion, which is the highest ever valuation of an Indian company.
- In rupee terms, it also became the first company to be valued at over Rs 11 lakh crore.
- With this, RIL is now ranked 58 on the list, among the worlds most valuable companies.
Source: Economic Times