Reliance's market cap. Record top of Rs 12.70 lakh crore

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(Commercial Representative) Mumbai, Ta. 13 July 2020, Monday

Reliance Industries, led by Mukesh Ambani, continues to make new strides on a daily basis, gaining new foreign investment in the company's digital platforms, and now the company's first virtual 8th AGM is set to take place on Wednesday, July 12, 2020.

With this, the market capitalization of Reliance Industries also crossed the Rs 13 lakh crore mark and reached a high of Rs 16,8,31.01 crore. The company's latest rights issue saw the partially paid-up share price rise by Rs 2.50 to Rs 107.50, an increase of Rs 2,6.5 crore to Rs 12,50,8.5 crore.

As Reliance Industries continues to grow on both fronts, digital venture Geo Platforms continues to attract a large number of reputable foreign investors.

Shares of Reliance Industries bounced up to Rs 15 and finally rose by Rs 2.50 to Rs 19.50. With this, the market capitalization reached Rs 12,8,31.01 crore. While the partially paid-up share price of Reliance Industries rose to a new record high of Rs 108 today, the market capitalization of shares of this segment rose to Rs 104.50, reaching Rs 105.50. With this, the combined market capitalization of the two was Rs 12,50,6.5 crore today.

It may be noted here that this time the 7th Annual General Meeting (AGM) of Reliance Industries Limited will be held for the first time on Wednesday, July 19, 2020. At the AGM where the company's chairman and managing director Mukesh Ambani could make a big announcement in the retail sector with digital this time around, investors were buying shares today.


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