Thursday , October 21 2021

Mukesh Ambani reached number 11 among the world’s rich, Reliance Jio became the country’s 5th largest company

Reliance Industries Limited Chairman Mukesh Ambani has reached number 11 in the list of world’s rich. The wealth of Mukesh Ambani, Asia’s richest man, has crossed $ 60 billion or Rs 4.58 lakh crore for the first time. Mukesh Ambani’s wealth has increased by $ 1.16 billion between Thursday and Friday, according to the Bloomberg Bilineers Index. Reliance shares reached 1,788.60 levels in the BSE Sensex. In just one day, the company’s stock rose by Rs 132 to Rs 1,788.60 from Rs 1656.25. With this growth, Ambani overtook Amancio Ortega, founder and former chairman of the Spanish fashion retail chain Zara. Ortega’s wealth has reached $ 59 billion.

Meanwhile Reliance Industries Limited has become a fully debt-free group. Not only this, but the market capitalization of the company has also gone up to Rs 11.18 lakh crore. Not only this, Jio Platforms, owned by Reliance Industries, has now become the 5th largest company in the country in terms of valuation. Now ahead of Jio, only its parent company Reliance Industries Limited, TCS, HDFC Bank, and Hindustan Unilever. In the last two months, 11 tech companies have invested in Reliance Jio. With this, the valuation of Jio has crossed Rs 4.91 lakh crore.

With this, Reliance Jio has now overtaken companies like HDFC, Bharti Airtel, Infosys, and Kotak Mahindra Bank. Recently, Saudi Arabia’s Public Investment Fund bought a 2.32% stake in Reliance Jio with an investment of Rs 11,367 crore. Reliance Industries has received a total investment of Rs 1.68 lakh crore in this manner through investors and rights issues.

Check Also

Keep these things in mind while applying mascara to the baby, it can harm

Every mother leaves no stone unturned in taking care of her baby . Mothers believe that by ...