Reliance industries ipo price in 1977

Well, if you are reliance industries ipo price in 1977 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 yearthe amount would now cross Rs1 crore mark in the year The market capitalization has multiplied from ten angry anime 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.

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Reliance industries ipo price in 1977

Home Latest News. CNBC Awaaz. CNBC Bajar. Market Live. Mind Matters. Climate Clock. Marquee Nights. Future Female Forward. Sections Market. Global Markets. Terms and Conditions Disclaimer. Terms of Use. Privacy Policy. How Reliance Industries turned Rs 10, investment in to Rs 3. Reliance Industries Ltd RIL has not only been a safe bet for the investors but has also seen a very consistent rise over the years.

Reliance Industries Ltd RIL has not only been a safe bet for the investors but has also seen a very consistent rise over the years.

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.

The year was a turning point in the fortunes of Reliance. The textile mill was doing well. After contemplating success with its textile business, Shri Dhirubhai Ambani shifted his focus to the objective of expanding the market of Reliance Industries at a global scale. This expansion plan required a considerable amount of funds. Banks and other financial institutions involve lengthy and complex processes for raising funds. Thus, Shri Dhirubhai Ambani decided that Reliance would go public. After the decision to go public, Shri Dhirubhai provided an opportunity for the Indian middle-class population to invest in the expansion plans of Reliance and thus become a partner in the company's growth.

Reliance industries ipo price in 1977

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Archived from the original on 3 April Retrieved 25 February Kakrapar Atomic. Tags: Reliance Industries. It also announced that it will set up a new subsidiary to bring all its digital initiatives under a single entity with an equity infusion of over Rs 1 lakh crore. The CAG in its draft report alleged rigging of the auction mechanism, whereby an unknown ISP, Infotech Broadband Services Pvt Ltd, acquired the spectrum by bidding times its net worth, after which the company was sold to Reliance Industries. Archived from the original on 4 July Wikimedia Commons. Strategic Petroleum Reserve India. It has interests in television, digital platforms, publication, mobile apps and films. Archived from the original on 24 February Retrieved 24 July The Financial Express.

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In , the company expanded its business into textiles, with "Vimal" becoming its major brand in later years. Mind Matters. Thermal Agartala Gas Assam Gas. Retrieved 26 September View All. Archived from the original on 29 January Maithon Panchet Tilaiya. Main article: Jio Platforms. Sections Market. Main article: Reliance Retail. Retrieved 5 May Retrieved 8 July