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Reliance Overtakes Exxon To Become World's 2nd Most Precious Energy Firm

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By Author: Rakesh Sharma
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Reliance Industries have overtaken ExxonMobil to become the world's second most precious energy company 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, consistent with stock exchange data.

On Thursday, Reliance was ranked 48th and was behind ExxonMobil. Its share price on Friday scaled an all-time high of Rs 2,163 before settling at Rs 2,146.20, taking the corporate to 46th position.
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The Rs 13.6 lakh crore m-cap of Reliance alongside Rs 54,262 crore m-cap of its partly-paid shares that were issued within the recent rights offering and are traded separately, puts the company's combined market price at Rs 14.1 lakh crore or $ 189.3 billion.

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

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

Reliance ...
... is now the second most precious energy firm. Aramco being the highest energy company.

No Indian company has ever crossed an m-cap of Rs 14 lakh crore.

Besides being above ExxonMobil in m-cap, Reliance is additionally above Chevron which has an m-cap of about $ 169 billion also as likes of Oracle, Unilever, Bank of China, BHP Group, Royal Dutch Shell and SoftBank Group.

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

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

The reliance share price had touched a bottom of Rs 867 on March 23, 2020, when the entire market price of the corporate stood at Rs 5.5 lakh crore or $ 73.5 billion.

It added $ 115.9 billion to shareholder wealth within four months – one among the very best value creation feats within the world in such a brief time - totally on the rear of record fundraising from equity dilution in its digital the unit, Jio Platforms.

The firm added a $ 39 billion market price within five weeks and $ 29 billion within the last 14 trading sessions.

ReliancePP or the partly paid-up shares issued in recently concluded rights offering have generated over 4.1 times returns to investors in but two months.

The issue closed on June 4, 2020, when investors had to pay Rs 314.25 to have each of the partly paid-up shares.

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

Reliance raised a complete of Rs 2,12,809 crore through a rights offering, equity sale in Jio Platforms, and investment by BP in its fuel retailing venture.

The combined capital raised has no precedence globally in such a brief time.

About The Author and Business Guru Rakesh Sharma –
Rakesh Sharma is one of the best business coach in India and Business growth consultant. He runs his own Sales Training in NCR. His company is rated one among the best sales training companies in the country by the clients. He is a sales coach in India. he has coached hundreds of clients. As Sales Trainer in India he has trained coached and trained thousands of trainees across the country. He a one among the best business coach in NCR and Sales Consultant in NCR.
Earn to sell with Rakesh Sharma's best sales and marketing training. Everyone is a salesperson at heart, unlock the salesperson in you today.
Get access to the Rakesh Sharma's free Business Tools

https://www.rakeshbusinessguru.com/blog/

More About the Author

I'm Rakesh Sharma! The founder of Prime Performance Solutions. I am the Business Growth Architect.

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