• About
  • Contact
Friday, January 22, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home Industries

Reliance Is Now 2nd Most Valuable Energy Firm In World, Overtakes ExxonMobil

Pritish raj by Pritish raj
July 25, 2020
in Industries, News
2 min read
0
Reliance Valuable Energy Firm- Next Big Brand

Reliance Valuable Energy Firm- Next Big Brand

Share on FacebookShare on Twitter
  • Reliance Industries has overtaken ExxonMobil to become the world’s second most valuable energy firm after its market capitalization scaled to a record high of over Rs 14 lakh crore.

Reliance Industries has overtaken ExxonMobil to become the world’s second most valuable energy firm after its market capitalization scaled to a record high of over Rs 14 lakh crore.

The oil-to-telecom conglomerate is now ranked 46th globally on market cap, according to stock market data.

On Thursday, Reliance was ranked 48th and was behind ExxonMobil. The share price on Friday reached an all-time high of Rs 2,163 before settling at Rs 2,146.20, bringing the firm to 46th place.

The Rs 13.6 lakh crore m-cap of Reliance together with Rs 54,262 crore m-cap of its partly-paid shares that were issued in the recent rights issue and are traded separately, puts the company’s combined market value at Rs 14.1 lakh crore or USD 189.3 billion.

This was enough to race past ExxonMobil which has an m-cap of USD 184.7 billion.

Globally, Saudi Aramco has the highest market cap of USD 1.75 trillion, followed by Apple (USD 1.6 trillion), Microsoft (USD 1.5 trillion), Amazon (USD 1.48 trillion), and Alphabet (USD 1.03 trillion).

Reliance is now the second most valuable energy firm. Aramco being the top energy company.

No Indian corporation has ever reached an m-cap of Rs 14 lakh crore.

While being higher than ExxonMobil in m-cap, Reliance is also above Chevron which has an m-cap of around USD 169 billion as well as likes of Oracle, Unilever, Bank of China, BHP Group, Royal Dutch Shell and SoftBank Group.

Reliance is the 10th highest m-cap company in Asia. China’s Alibaba Group is ranked 7th globally.

At 46th rank, Reliance is just below PepsiCo which has an m-cap of USD 189.8 billion.

Reliance share price had hit a bottom of Rs 867 on March 23, 2020, when the total market cap of the company stood at Rs 5.5 lakh crore or USD 73.5 billion.

It added USD 115.9 billion to shareholder capital within just four months – one of the highest value development feats in the world in such a short period-largely on the back of massive fundraising from equity dilution in its digital subsidiary, Jio Platforms.

The company gained USD 39 billion market cap within five weeks and USD 29 billion over the last 14 trading sessions.

ReliancePP or the partly paid-up shares issued in recently concluded Rights Issues have generated over 4.1 times returns to investors in less than two months.

The problem closed on June 4, 2020, when investors had to pay Rs 314.25 to own one of the partly paid-up shares.

The ReliancePP shares listed on  stock exchanges on June 15, 2020

Reliance raised a total of Rs 2,12,809 crore through Rights Issue, equity selling in Jio Platforms, and investment by BP in its fuel retailing business.

The cumulative capital raised has no precedent globally in such a short period.

Previous Post

Aatmnirbhar India: Apple Starts Manufacturing iPhone 11 In India

Next Post

Biryani Is The Top Food Ordered In India During Lockdown: Report

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery
News

Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery

January 22, 2021
Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie
News

Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

January 21, 2021
SEBI Approved Much Talked Future Group-Reliance Industries Deal
News

SEBI Approved Much Talked Future Group-Reliance Industries Deal

January 21, 2021
Tata Group is All Set to Acquire 60% stake in BigBasket
News

Tata Group is All Set to Acquire 60% stake in BigBasket

January 20, 2021
Chinese Billionaire Jack Ma Suspected Missing after Condemning the Chinese Government.
News

Alibaba Share Surges after Jack Ma’s Resurfacing Video

January 20, 2021
Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change
News

Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change

January 19, 2021
Next Post
Biryani During Lockdown- Next Big Brand

Biryani Is The Top Food Ordered In India During Lockdown: Report

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

amazon-echo-dot-3rd-source-amazon.com

Amazon Alexa , Now 100 Million Strong

2 years ago
Coca-Cola Social Media Ads- Next Big Brand

Coca-Cola & Unilever Halt Social Media Ads To Support Anti-Racism Movement

7 months ago
India Second Largest Mobile Manufacturer- Next Big Brand

India Is Second Largest Mobile Phone Manufacturer In World: Reports

8 months ago
Paypal logo

Paypal Integrates with Online Education Platforms

2 years ago

FOLLOW US

  • 22.4k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery
  • Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie
  • SEBI Approved Much Talked Future Group-Reliance Industries Deal

Instagram

Follow Me!

Latest News

Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery

Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery

January 22, 2021
Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

January 21, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.