TNPSC Thervupettagam

1st Indian company to cross Rs 8 lakh crore market capitalization

August 25 , 2018 2312 days 1021 0
  • 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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