Reliance breaks into top 50 most valued companies globally, ranks 48
Billionaire Mukesh Ambani’s Reliance Industries Ltd has broken into the top 50 most valued companies globally after it became the first company with market capitalisation of over Rs 13 trillion.
The oil-to-telecom conglomerate is ranked 48th in market cap globally, according to stock market data.
Globally, Saudi Aramco is the company with the highest market cap of $1.7 trillion, followed by Apple, Microsoft, Amazon, and Alphabet.
Reliance on Thursday closed at Rs 2,060.65 on the BSE, up 2.82 per cent over the previous day’s close. This gave the firm a m-cap of over Rs 13 trillion.
Together with the firm’s partly-paid shares that were issued in the recent rights issue and are traded separately, the company had a combined m-cap of Rs 13.5 trillion or over $181 billion.
