RIL Becomes India’s 1st Firm to Cross Rs6-lakh crore Market Capitalization

Reliance Industries (RIL) become the first Indian company to cross the Rs6-lakh crore mark in market capitalisation as its shares touched a 52-week high of Rs974.5.

RIL is owned 40% by its chairman Mukesh Ambani, making him the richest Indian with the personal wealth of $40.7 billion and the 20th richest globally, according to Bloomberg’s billionaire index.
Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • HDFC Bank is the first lender to cross Rs5-lakh crore mark in market capitalisation.

Source- The Hindu