Reliance industries ipo price in 1977

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Reliance industries ipo price in 1977

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. The IPO, which issued 2. The issue was oversubscribed seven times, and the company's shareholder base grew into lakhs. After the IPO, the share price of Reliance kept climbing. In , it hit Rs and in it reached Rs Reliance expanded rapidly into sectors adjacent to its textile business, and in it became known as Reliance Industries Limited RIL. In , Reliance opened a massive industrial complex in Hazira, Gujarat. Produced by: Harshita Tyagi Designed by: Pragati. Related Stories.

The Economist. In accordance with Securities and Exchange Board of India directive, RIL carried out an organised operation with the help of its agents in order to obtain unauthorised profits from the trading of its formerly listed unit, RPL, which was combined with the former in Archived from the original on 4 June

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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. People, even from small towns, started investing in the dreams of Shri Dhirubhai. His persuasiveness brought an overwhelming response to the first public issue of Reliance, which got oversubscribed seven times. Many small investors became the backbone of the company.

Reliance industries ipo price in 1977

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Kadana Ukai. Archived from the original on 27 March Archived from the original on 21 November Retrieved 3 November Arab News. Archived from the original on 14 April Archived from the original on 5 May Retrieved 9 July It was incorporated in September as Chembur Patalganga Pipelines Limited, with the main objective being to build and operate cross-country pipelines for transporting petroleum products. Not to be confused with Reliance Group.

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Archived from the original on 10 December Trivedi Dipak C. Reliance Industries Ltd RIL has been an investors' favourite since its IPO, and why not, the stock, became the first company to hit a market capitalisation of Rs 10 lakh crore on Thursday. Business Today. On the site we feature industry and political leaders, entrepreneurs, and trend setters. Kakrapar Atomic. Get better recommendations Make better investments. Archived from the original on 4 June Germany Israel United States. In the same year, Reliance and BP announced a partnership in the oil and gas business. View All. This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes. In November , Mukesh Ambani, in an interview, admitted to having differences with his brother Anil over 'ownership issues'.