Street signs: Reliance Industries races to $100 billion

RIL likely to be first Indian company to touch $100 bn market capitalisation mark

Samie Modak & Joydeep Ghosh  |  Mumbai 

Reliance Industries (RIL) is likely to be the first Indian company to touch the $100 billion market capitalisation mark. Valued at $91.4 billion at present, the Mukesh Ambani-led company is only 10 per cent away from this landmark. Thanks to a successful foray into telecom, RIL has seen its shares spurt 68 per cent in 2017. Globally, there are 93 companies in the $100-billion-plus club. RIL is ranked 109 just behind Morgan Stanley. Samie Modak   IPO boom reaching its peak? Next week, there is a lot of action expected in the initial public offer ...

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First Published: Sun, October 22 2017. 21:52 IST