reliance industries ipo price in 1977

Reliance industries ipo price in 1977

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Well, if you are dreaming of becoming a crorepati then investment in one share was enough if invested in Reliance Industries Ltd IPO back in If somebody would have invested Rs 10, in the year , the amount would now cross Rs1 crore mark in the year The market capitalization has multiplied from ten crore to over five lakh crore or 50, times from Rs 10 crore in the year The total assets have increased from Rs33 crore to over Rs, crores and a multiple of over 20, times, Mukesh Ambani said. He further added that the turnover has grown from 70 crore in to over , crore today — an increase of nearly 4, times. Disclosure: Reliance Industries Ltd.

Reliance industries ipo price in 1977

Shares of Mukesh Ambani led-Reliance Industries RIL were trading volatile in Friday's trade ahead of the oil-to-telecom major's March quarter results, where the Mukesh Ambani-led company is expected to log a flattish profit. Reliance Commercial Corporation was set up in by Dhirubhai Ambani as a small venture firm trading commodities, especially spices and polyester yarn. It opened its first textile mill in Gujarat and was incorporated in as Reliance Textiles and Engineers, Ltd. Till , Reliance's business focused on the textile industry even as it continued to expand. Each of these companies was soon merged into RIL. The IPO, which issued 2. The issue was oversubscribed seven times, and the company's shareholder base grew into lakhs. After the IPO, the share price of Reliance kept climbing. In , it hit Rs and in it reached Rs Reliance expanded rapidly into sectors adjacent to its textile business, and in it became known as Reliance Industries Limited RIL. In , Reliance opened a massive industrial complex in Hazira, Gujarat. Produced by: Harshita Tyagi Designed by: Pragati.

By the end of Januarythe company had bought back 4.

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Reliance industries ipo price in 1977

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As per reports, this act is a part of Ambani's leadership transition. Archived from the original PDF on 27 April Retrieved 25 February Business Insider. In , Reliance turned to the overseas capital markets for funds through a global depository issue of Reliance Petroleum. Sections Market. Archived from the original on 12 August Archived from the original on 30 January Archived from the original on 24 February Main article: Reliance Industrial Infrastructure. Reliance Industries Limited. Retrieved 26 June Business Standart. Future Retail had a deal to sell its assets to Reliance, but that deal was contested by Amazon.

The year was a turning point in the fortunes of Reliance. The textile mill was doing well.

Produced by: Harshita Tyagi Designed by: Pragati. In November , Reliance Industries issued bonus shares to its shareholders. Disclosure: Reliance Industries Ltd. Archived from the original on 7 July All rights Reserved. In August , Reliance added Fynd [41] primarily for its consumer businesses and mobile phone services in the e-commerce space. As per reports, this act is a part of Ambani's leadership transition. Related stories. Akash Mukesh Ambani as the chairperson of Jio in Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Not to be confused with Reliance Group. Jain Raghunath A. Archived from the original on 29 January Reliance is the largest public company in India by market capitalisation [4] and revenue, [5] and the th largest company worldwide.

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