Mukesh Ambani's Reliance Industry becomes a $ 200 billion company


New Delhi. Reliance Industries Limited (RIL) has achieved a new high on its name on Thursday. In fact, Reliance Industries, the country's largest company, has become the first company in India to touch a market cap of $ 200 billion (about Rs 15 lakh crore). The stock of RIL set a new record during trading in Thursday's session. The company's shares rose over 8 per cent on the BSE to a record level of Rs 2,343.90, due to which the total market cap of the company has risen to over Rs 14.65 lakh crore. At present, the price of one dollar is close to Rs 73.25 and in that sense, 14.65 lakh rupees sit at $ 200 billion.

The announcement of buying a stake in Reliance Retail by the US company Silver Lake led to a major buyout of RIL shares and the share price reached a new record. After Reliance Jio, now private equity firm Silver Lake will buy 1.75 per cent stake in Reliance Retail for Rs 7500 crore. Earlier, American equity firm Silver Lake also bought a 2.08 per cent stake in Jio Platforms.

On Thursday, Reliance Industries stock rose 8.45 percent and the stock reached a record new price of Rs 2,343.90. The company's market cap rose sharply to Rs 14,84,634 crore, or $ 202 billion. In terms of market cap, the second largest company after Reliance is TCS, whose market cap is around Rs 8 lakh crore. In this way, TCS has lost a lot in the race to become number one in the market cap.

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