 "RIL market cap crosses Rs 12 trn, firm valued at $163 bn in dollars")
Reliance Industries’ (RIL’s) market capitalisation (market cap, or m-cap) on Monday breached the Rs 12-trillion mark. In dollar terms, the company is valued at over $163 billion.
This is following a sharp rally in both fully and partly paid-up shares of the company.
The fully paid shares gained 3.75 per cent to end at Rs 1,855 on the NSE, providing a market cap of Rs 11.76 trillion ($157.7 billion). Meanwhile, the partly paid shares soared 8.6 per cent to end at Rs 957, providing a market cap of another Rs 40,442 crore ($5.4 billion).
About a month ago, RIL’s market cap stood at Rs 10 trillion.
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