{"id":358117,"date":"2020-06-19T10:06:54","date_gmt":"2020-06-19T04:36:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=358117"},"modified":"2020-06-19T10:34:51","modified_gmt":"2020-06-19T05:04:51","slug":"reliance-industries-hits-new-high-market-cap-crosses-rs-10-5-trillion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-hits-new-high-market-cap-crosses-rs-10-5-trillion\/","title":{"rendered":"Reliance Industries hits new high; market-cap crosses Rs 10.5-trillion"},"content":{"rendered":"<p>Shares of Reliance Industries (RIL) hit a new all-time high of Rs 1,684, up 2 per cent on the BSE on Friday, extending its previous day\u2019s 2.5 per cent gain after the company on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia&#8217;s Public Investment Fund (PIF) for Rs 11,367 crore and has become net-debt free. <\/p>\n<p>The past two day\u2019s gain has seen the market capitalisation (market-cap) of the compant hit Rs 10.66 trillion on the bourses for the first time ever. <\/p>\n<p>The investment by Saudi sovereign wealth fund is &#8220;at an equity value of Rs 4.91 trillion and an enterprise value of Rs 5.16 trillion&#8221;, the company said in a statement in post-market hours on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Reliance Industries (RIL) hit a new all-time high of Rs 1,684, up 2 per cent on the BSE on Friday, extending its previous day\u2019s 2.5 per cent gain after the company on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia&#8217;s Public Investment Fund (PIF) for Rs 11,367 crore and has become net-debt free. The past two day\u2019s gain has seen the market capitalisation (market-cap) of the compant hit Rs 10.66 trillion on the bourses for the first time ever. The investment by Saudi sovereign wealth fund is &#8220;at an [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-358117","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=358117"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358117\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=358117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=358117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=358117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}