{"id":12492,"date":"2020-09-11T10:48:54","date_gmt":"2020-09-11T05:18:54","guid":{"rendered":"https:\/\/www.ecoleglobale.com\/blog\/?p=12492"},"modified":"2021-02-02T15:50:31","modified_gmt":"2021-02-02T10:20:31","slug":"another-milestone-for-reliance-industries-first-company-to-have-a-200-billion-market-capital-in-india","status":"publish","type":"post","link":"https:\/\/www.ecoleglobale.com\/blog\/another-milestone-for-reliance-industries-first-company-to-have-a-200-billion-market-capital-in-india\/","title":{"rendered":"ANOTHER MILESTONE FOR RELIANCE INDUSTRIES: FIRST COMPANY TO HAVE A $200 BILLION MARKET CAPITAL IN INDIA"},"content":{"rendered":"

The year 2020 has been undoubtedly one of the worst years so far. While the GDP of the 1st quarter saw a staggering downward plunge to -23.9%, Mukesh Ambani\u2019s Reliance Industries have fared reasonably well this year.\u00a0<\/span><\/p>\n

Reliance Industries emerged out to become the first company in the country with a market capitalization of $200 Billion. On Thursday with a massive jump in the shares, trading at approximately 7%, the company was able to achieve this enormous milestone.\u00a0<\/span><\/p>\n

The shares of Reliance Industries increased to more than 6 per cent, and it\u2019s market cap crossed $200 Billion. Not only this, but Reliance has also become the first company in India to achieve this figure.\u00a0<\/span><\/p>\n

On Thursday, the company\u2019s stock on the Bombay\u2019s Stock Exchange rose more than 6%, and the company\u2019s one share now stands at a record Rs 2,343.90. Subsequently, the company\u2019s market cap reached $192.85 Billion. Additionally, the Reliance\u2019s partially paid shares also jumped up to approximately 8 per cent amounting to a $7.82 Billion. Therefore, overall the company\u2019s market cap reached up to $200.68 Billion.<\/span><\/p>\n

HOW RELIANCE INDUSTRIES BECAME A $200 BILLION COMPANY SO FAST?<\/b><\/h2>\n

Reliance has seen a sharp rise in its value this year with significant investments bagged in a span of a few months. On Wednesday, US- Based Silver Line Partners declared a $1 Billion investment in Reliance. This move accelerated the company\u2019s growth and resulted in a rise in the company\u2019s stock value.\u00a0<\/span><\/p>\n

Reliance Industries stock value has expanded by nearly 47% this year, and the company\u2019s investment in Jio platforms is a significant contributor in this stride. Reliance has expanded its assets in many retail businesses. The company also plans to sell 15% of its stakes in the Reliance Retail Ventures and aims to raise Rs 60-63k crore.\u00a0<\/span><\/p>\n

Silver Lake has offered to invest Rs 7.5k Crores for a 1.75% stake in Reliance Retail. This major investor has also funded Jio Platforms.\u00a0<\/span><\/p>\n

Reliance has become the fastest-growing company in India and is attracting many investors. The next big firm in India is TCS with $119 Billion market value which is nearly half of Reliance.\u00a0<\/span><\/p>\n

As per several sources, many big names like Amazon, KKR are looking to invest in Reliance Retail. Another source has also reported that Reliance may sell up to 40% of its stakes in Reliance Retail to Amazon for a whopping $20 Billion. This will be Amazon\u2019s largest-ever deal if successful.\u00a0<\/span><\/p>\n

Reliance Retail is Mukesh Ambani\u2019s Next significant asset after it bagged an investment of over Rs 1,52,056 crores by 13 investors, including big names like Google and Facebook.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The year 2020 has been undoubtedly one of the worst years so far. While the GDP of the 1st quarter saw a staggering downward plunge to -23.9%, Mukesh Ambani\u2019s Reliance Industries have fared reasonably well this year.\u00a0 Reliance Industries emerged out to become the first company in the country with a market capitalization of $200 […]<\/p>\n","protected":false},"author":1,"featured_media":12493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","omw_enable_modal_window":"enable","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[1],"tags":[7416,621,7415,7414,7413,7412],"class_list":["post-12492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ambani","tag-business-news","tag-market-valuation","tag-mukesh-ambani","tag-reliance-industries","tag-reliance-retail","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.ecoleglobale.com\/blog\/wp-json\/wp\/v2\/posts\/12492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ecoleglobale.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ecoleglobale.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ecoleglobale.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ecoleglobale.com\/blog\/wp-json\/wp\/v2\/comments?post=12492"}],"version-history":[{"count":2,"href":"https:\/\/www.ecoleglobale.com\/blog\/wp-json\/wp\/v2\/posts\/12492\/revisions"}],"predecessor-version":[{"id":12495,"href":"https:\/\/www.ecoleglobale.com\/blog\/wp-json\/wp\/v2\/posts\/12492\/revisions\/12495"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ecoleglobale.com\/blog\/wp-json\/wp\/v2\/media\/12493"}],"wp:attachment":[{"href":"https:\/\/www.ecoleglobale.com\/blog\/wp-json\/wp\/v2\/media?parent=12492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ecoleglobale.com\/blog\/wp-json\/wp\/v2\/categories?post=12492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ecoleglobale.com\/blog\/wp-json\/wp\/v2\/tags?post=12492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\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