Reliance Industries hits new high; market-cap crosses Rs 11 trillion

RIL raised over Rs 168,818 crore in just 58 days become net debt-free company. Mukesh Ambani now plans to list the telecom and retail businesses in the next five years

Shares of Reliance Industries (RIL) hit a new all-time high of Rs 1,788.60 on the BSE on Friday after the company on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore and has become net-debt free. The stock, however, ended at Rs 1,759.50, up over 6 per cent.

The past two day’s gain has seen the market capitalisation (market-cap) of the company cross Rs 11 trillion on the bourses for the first time ever. 

The investment by Saudi sovereign wealth fund is "at