Reliance industries ipo price in 1977

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Shares of Mukesh Ambani led-Reliance Industries RIL were trading volatile in Friday's trade ahead of the oil-to-telecom major's March quarter results, where the Mukesh Ambani-led company is expected to log a flattish profit. Reliance Commercial Corporation was set up in by Dhirubhai Ambani as a small venture firm trading commodities, especially spices and polyester yarn. It opened its first textile mill in Gujarat and was incorporated in as Reliance Textiles and Engineers, Ltd. Till , Reliance's business focused on the textile industry even as it continued to expand. Each of these companies was soon merged into RIL.

Reliance industries ipo price in 1977

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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.

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In , the company expanded its business into textiles, with "Vimal" becoming its major brand in later years. Listed in , an investment of Rs 10, in the company during its IPO, would have been worth Rs 2. Archived from the original on 28 March If somebody would have invested Rs 10, in the year , the amount would now cross Rs1 crore mark in the year Archived from the original on 27 September Market Live. Retrieved 3 November The market capitalisation has multiplied from Rs 10 crore in to over Rs 10 lakh crore or 1,00, times. Reliance's possessions came after rounds of legal wrangling, including a arbitration in Singapore and an antitrust review by the Competition Commission of India. That roughly translates to an investment of Rs 10, would have given a return of Rs 1 crore. Archived from the original on 18 October Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated! No: INH

Dhirubhai Ambani returns to India and starts a yarn trading business in Mumbai. Reliance sets up its first petrochemicals and polyester filament yarn plant in Patalganga in record time.

Kadana Ukai. Nayara Jamnagar. Jaitapur Tarapur. It recently also forayed in the telecom business, putting immense pressure on all the other telcos. Meswani S Sudhakar Hital R. Retrieved 8 July According to a Bloomberg report, the recent rise in the company's stock price has led it to eclipse BP Plc to break into an elite club of energy supermajors. After the death of Dhirubhai Ambani in , the management of the company was taken up by both the brothers. This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes. It is also expanding its retail business to take on Amazon and Walmart. Roli Books.