New Delhi: The market capitalization of the country’s most prominent company Reliance Industries reached around Rs 11 lakh crore on Monday. Reliance shares closed at Rs 1,612.30 after touching an all-time high of Rs 1626.95 on the National Stock Exchange.
According to market reports, 2.45 crore shares of the company are listed on the National Stock Exchange. In this way the market capitalization of the company touched 10 lakh 92 thousand crores. It is the first Indian company to touch this level of market capitalization. The company’s rights issue was also listed on the stock market on Monday. The company allocated them on the basis of partial payment.
It is noteworthy that the company had offered to allot one share on 15 shares to the shareholders under the rights issue. The rights share was valued at Rs 1257 per share. The shareholders were required to pay 25 per cent i.e. Rs 314.25 along with the application. The remaining amount is to be paid in 2 installments. The fractional value rights share opened at Rs 690 per share and touched a high of Rs 710.65. It closed at Rs 698 per share when the market closed.
