Four of top 10 most valued firms add Rs 3 lakh cr to m-cap; RIL biggest gainer
The country's most valued firm, RIL, added a whopping Rs 2,51,067.2 crore to its market valuation that stood at Rs 15,68,015.09 crore on Friday
- Sep 13, 2020,
- Updated Sep 13, 2020 11:55 AM IST
Four of the 10 most valued Indian firms added Rs 3,01,847.99 crore to their market capitalisation last week, led by Reliance Industries which surpassed the Rs 15 lakh crore mark in valuation.
The country's most valued firm, RIL, added a whopping Rs 2,51,067.2 crore to its market valuation that stood at Rs 15,68,015.09 crore on Friday.
Shares of Reliance Industries were in the limelight last week amid media reports that it has offered a 40 per cent stake in its retail arm worth about USD 20 billion to Amazon.com, which the company said was speculative.
Also, on Wednesday, it was announced that US private equity firm Silver Lake Partners would buy 1.75 per cent stake in RIL''s retail arm for Rs 7,500 crore.
Tata Consultancy Services, Hindustan Unilever Limited and Infosys were the other gainers in the coveted list of most valued firms last week.
Four of the 10 most valued Indian firms added Rs 3,01,847.99 crore to their market capitalisation last week, led by Reliance Industries which surpassed the Rs 15 lakh crore mark in valuation.
The country's most valued firm, RIL, added a whopping Rs 2,51,067.2 crore to its market valuation that stood at Rs 15,68,015.09 crore on Friday.
Shares of Reliance Industries were in the limelight last week amid media reports that it has offered a 40 per cent stake in its retail arm worth about USD 20 billion to Amazon.com, which the company said was speculative.
Also, on Wednesday, it was announced that US private equity firm Silver Lake Partners would buy 1.75 per cent stake in RIL''s retail arm for Rs 7,500 crore.
Tata Consultancy Services, Hindustan Unilever Limited and Infosys were the other gainers in the coveted list of most valued firms last week.