Reliance industries ipo price in 1977

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Reliance industries ipo price in 1977

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The Economic Times. Himachal Pradesh State Electricity Board.

Well, if you are dreaming of becoming a crorepati then investment in one share was enough if invested in Reliance Industries Ltd IPO back in If somebody would have invested Rs 10, in the year , the amount would now cross Rs1 crore mark in the year The market capitalization has multiplied from ten crore to over five lakh crore or 50, times from Rs 10 crore in the year The total assets have increased from Rs33 crore to over Rs, crores and a multiple of over 20, times, Mukesh Ambani said. He further added that the turnover has grown from 70 crore in to over , crore today — an increase of nearly 4, times.

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Reliance industries ipo price in 1977

The year was a turning point in the fortunes of Reliance. The textile mill was doing well. After contemplating success with its textile business, Shri Dhirubhai Ambani shifted his focus to the objective of expanding the market of Reliance Industries at a global scale. This expansion plan required a considerable amount of funds. Banks and other financial institutions involve lengthy and complex processes for raising funds. Thus, Shri Dhirubhai Ambani decided that Reliance would go public. After the decision to go public, Shri Dhirubhai provided an opportunity for the Indian middle-class population to invest in the expansion plans of Reliance and thus become a partner in the company's growth.

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Archived from the original on 10 September Retrieved 21 July In , Reliance opened a massive industrial complex in Hazira, Gujarat. Get better recommendations Make better investments. Archived from the original on 27 September Retrieved 26 September It recently also forayed in the telecom business, putting immense pressure on all the other telcos. Retrieved 19 December Archived from the original on 5 May Archived from the original on 31 October Thakurta, P. Archived from the original on 23 July Five main allegations concerning Reliance, which have plunged the Indian capital markets into a period of uncertainty unsurpassed since the days of the securities scam were:.

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Retrieved 30 June That roughly translates to an investment of Rs 10, would have given a return of Rs 1 crore. In , it became the first private sector company in India to be rated by international credit rating agencies. While the bulk of its revenue comes from the energy business, it also has made wide strides in the telecom and digital service industries with Reliance Jio. The company is also engaged in related activities involving leasing and providing services connected with computer software and data processing. Archived from the original on 7 October Share Market Live. Archived from the original on 19 October Retrieved 19 December Terms of Use. Each of these companies was soon merged into RIL. Currency Commodities. Hindustan Times.