Mukesh Ambani Enters The World's Top 10 Richest Club, RIL First Indian Company To Touch M-Cap Of $150 Billion

On the BSE, Reliance Industries shares soared 2.53 per cent to touch an all-time high of Rs 1,804.10 during the highest level of the day.

India's richest man and oil-to-telecom conglomerate Reliance Industries chairman Mukesh Ambani. FILE PIC/AFP.

New Delhi:  In yet another first Billionaire Mukesh Ambani-led Reliance Industries' witnessed its market capitalization touching the Rs 11.44 lakh crore mark on Monday, making it the first Indian company to hit a market valuation of $150 billion. On the BSE, Reliance Industries shares soared 2.53 percent to touch an all-time high of Rs 1,804.10 during the highest level of the day, according to news agency PTI. Also Read:Nita Ambani Named Among Top Philanthropists Of 2020 For Contributions During Coronavirus Crisis The conglomerate has raised Rs 1.15 lakh crore from tech investors across the world and sold a little less than a quarter of the firm's digital arm, Jio Platforms. Jio has attracted investments from Facebook; six private equity companies namely General Atlantic, TPG, KKR, Silver Lake, L Catterton, Vista Equity Partners, two sovereign funds of Abu Dhabi -- Abu Dhabi Investment Authority and Mubadala Investment Company -- and Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF). Apart from this, it has raised Rs 53,124.20 crore through a rights issue in the past 58 days. Considering the last year's sale of 49 percent stake in fuel retailing venture to BP Plc of UK for Rs 7,000 crore, the total fund raised is in the tune of Rs 1.75 lakh crore, according to the company. The RIL rights issue had been subscribed 1.59 times and it was not only the largest ever in India but also the largest in the world by a non-financial entity in the last 10 years, according to business daily Mint. In the earlier session on Friday, the M-cap crossed Rs 11 lakh crore and the share price surged over 6 percent after chairman Mukesh Ambani announced that the conglomerate had become net debt-free. On Thursday, Reliance Industries has sold a 2.32 percent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore. This year, the company’s stock has surged over 19 percent. Meanwhile, Reliance Industries chairman and managing director Mukesh Ambani's net worth also soared to $64.5 billion. Ambani becomes the only Asian to enter the exclusive club of the world's top 10 richest people, as per the news agency Bloomberg.