Reliance Industries’ market cap nears $200 bn-mark as shares surge 4.4%

The market value of Reliance Industries is fast approaching the $200-billion mark. Gaining for the sixth day, shares of RIL surged 4.4 per cent to end at Rs 2,148. The partly-paid (PP) shares soared nearly 9 per cent to Rs 1,285. After factoring-in the value of PP shares, the total market cap of the currently stands at Rs 14.16 trillion, or $189.2 billion (Re-$ conversion rate of 74.83). The Mukesh Ambani-led firm is only 5.4 per cent away from becoming first Indian company to top the $200-billion market cap mark.

At present, RIL is world’s 46th most valuable company. The company’s market cap has also pipped that of US-based ExxonMobil, which was once the world’s most valuable company. Currently, the energy giant has a market cap of $186 billion.