Home Business Reliance now into the top 50 most valued global companies

Reliance now into the top 50 most valued global companies

Reliance Industries (RIL) is now in the top 50 most valuable companies world wide after it became the 1st company with market capitalisation over Rs13 trillion.

RIL is ranked 48th in market cap globally.

Globally, Saudi Aramco is that the company with the very best market cap of $1.7 trillion, followed by Apple, Microsoft, Amazon, and Alphabet.

Reliance on Thursday closed at ₹2,060.65 on the BSE, up 2.82% over the previous day’s close. This gave the firm a m-cap of over ₹13 trillion.

Together with the firm’s partly-paid shares that were issued within the recent rights offering and are traded separately, the corporate had a combined m-cap of ₹13.5 trillion or over $181 billion.

No Indian company has ever crossed an m-cap of ₹13 trillion.

This is above Chevron’s about $170 billion m-cap also as likes of Oracle, Unilever, Bank of China, BHP Group, Royal Dutch Shell and SoftBank Group.

Reliance is that the 10th highest m-cap company in Asia. China’s Alibaba Group is ranked 7th globally.

The only other Indian company within the top 100 firms is Tata Consultancy Services. As per its price of ₹2,170.75 on the BSE, TCS has an m-cap of ₹8.14 lakh crore or about $109 billion.

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