RIL 2nd most valuable energy company, overtakes ExxonMobil

Source :IANS
Author :IANS
Last Updated: Mon, Jul 27th, 2020, 10:32:29hrs

New Delhi: With the recent surge in share prices, Reliance Industries (RIL) has become the second most valuable energy company in the world, overtaking American oil giant ExxonMobil.

At the close of trade on Friday, the market capitalisation of RIL along with RIL-PP (partly paid) stood at Rs 14.14 lakh crore or $189 billion. ExxonMobil's market cap currently stands at around $184 billion.

Overall, RIL has also become the 46th most valuable company in the world.

The RIL scrip continued its rally on Friday, notwithstanding the overall weak market conditions. On the BSE, RIL shares touched an all-time high of Rs 2,162.80 before closing the day's trade at Rs 2,146.20, higher by Rs 85.55 or 4.15 per cent from its previous close. The market cap of RIL is over Rs 13.60 lakh crore.

The RIL-PP scrip rose 8.77 per cent to end at Rs 1,284.50 per share. The partly paid-up shares now have a market capitalisation of over Rs 54,000 crore.

RIL recently concluded a rights Issue of 42.26 crore shares, which are presently partly paid-up, and are hence separately placed on the stock exchanges under the symbol RELIANCEPP. As a result, RIL's total market capitalisation now is a sum total of market capitalisation of fully paid-up shares trading under the symbol RELIANCE, as well as those under the symbol RELIANCEPP.

Reliance Industries has 633.9 crore fully paid up shares outstanding, and 42.26 crore partly paid-up shares outstanding.