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1st Indian company to cross Rs 8 lakh crore market capitalization
August 25 , 2018
2155 days
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- Mukesh Ambani-led Reliance Industries Ltd (RIL) became first Indian company to cross Rs 8 lakh crore ($114 billion) market capitalization.
- This record m-cap of RIL also bumped up Mukesh Ambani’s (India’s richest man) wealth to over $48 billion (according to Bloomberg Billionaires Index).
- M-cap is the value of a company that is traded on the stock market, calculated by multiplying a total number of shares by present share price.
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