Rs 1788 new record in Reliance: market cap. Rs 11.15 lakh crore

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(Commercial Representative) Mumbai, Ta. 19 June 2020, Friday

Shares of Reliance Industries bounced back to a new record high of Rs 13.50, hitting a new high of Rs 13.50, after the funds stocks plunged sharply today. With this, the market capitalization of Reliance Industries today reached a new high of Rs 11,12,612.05 crore. With this, Reliance Industries has achieved the feat of becoming India's first ડો 150 billion company.

With the fund's aggressive take on Reliance Industries' main stock today, the recent allotment of shares in the rights issue also saw the partially paid-up stock bounce back to a new record high of Rs 4.50, hitting a new high of Rs 319.50 in the upper circuit. At the same time, the market capitalization of these partially paid-up shares of Reliance Industries rose to Rs 2,20.18 crore.

Reliance Industries had recently allotted rights shares to shareholders at a price of Rs 15 per share in a mega rights issue. However, out of the current price of Rs 15 per share, only 3% of the amount, i.e. Rs 316.5 per share, has been issued in partial paid-up shares. Out of the remaining 5 per cent, the second installment is to be paid at Rs 312.5 per share in May 2021 and the other 20 per cent is to be paid at Rs 2.50 per share in November 2021.

So, the shareholders who are currently receiving partial paid-up shares at Rs. 313.5 per share have been released at today's price of Rs. 216.50 per share and 50 per cent return this week as per the instinct value. With this, investors in the main stock of Reliance Industries got a huge return of 104 per cent in just 3 trading days. The share price has doubled, i.e. 106 per cent to a new high of Rs 15. The stock was still at a 52-week low of Rs 4.5 on March 9, 2020.


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