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Mukesh D Ambani’s Reliance Industries Becomes First Indian Company To Cross ₹20 Lakh Cr Market Cap

Mukesh D Ambani’s Reliance Industries Becomes First Indian Company To Cross ₹20 Lakh Cr Market Cap

Riya Sharma
Riya Sharma
  • New Delhi ,
  • Feb 14, 2024,
  • Updated Feb 14, 2024, 3:28 PM IST

 

Shares of Mukesh D. Ambani-led Reliance Industries Ltd (RIL) climbed nearly 2 per cent in Tuesday's trade and, in the process, the oil-to-telecom major became the first ever listed firm to cross the Rs 20 lakh crore market capitalisation milestone. The Mukesh Ambani-led firm hit the 20 lakh crore mark, commanding a value of Rs 19,93,881.61 crore as the session progressed. RIL shares gained 1.88 per cent to hit a high of Rs 2,957.80 on BSE. Reliance Industries recently demerged its financial services arm, which was renamed as Jio Financial Services Ltd. The demerged entity is listed on stock exchanges and commanded a m-cap of Rs 1,70,331.55 crore at last count.

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