the market cap reached 12.31 lakh crore, AGM on Wednesday
Qualcomm Ventures announces Rs 730 crore investment in Geo platforms
A big announcement is expected at the AGM on July 15
On Monday, shares of Reliance Industries Limited (RIL) touched an all-time high of Rs. 1947. At the same time, the company’s market capitalization is Rs. 12.31 lakh crore. At the start of trading today, Reliance’s stock was trading at Rs. 30 rose and opened.
Earlier on July 10, the company’s market cap was Rs. 11.90 lakh crore. RIL’s annual general meeting is scheduled for July 15 and the company is expected to make a big announcement at this meeting.
Prices have risen 20.55% since June 15
Shares of Reliance Industries have risen 20.55% since June 15 on the Bombay Stock Exchange. On June 15, the company’s shares traded at Rs. Was closed at 1615. Similarly, on July 13, the stock touched its highest level of Rs. Reached 1947.
Reliance’s stock performance in a month
| Date | Price (Rs / per share) |
| June 15 | 1615.00 |
| June 18 | 1656.25 |
| June 19 | 1759.50 |
| July 2 | 1760.55 |
| July 6 | 1851.40 |
| July 10 | 1878.50 |
| July 13 * | 1947.00 |
Qualcomm Ventures will get a 0.15% equity stake in Geo Platforms
Reliance Industries and Geo Platforms Ltd. have announced that Qualcomm Ventures, global investment in wireless technology, will invest Rs. 730 crore will be invested.
The investment will be based on an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Qualcomm Ventures will receive a 0.15% equity stake in Geo Platforms on a fully diluted basis.
Mukesh Ambani is even richer than Warren Buffett
According to the Bloomberg Billionaire Index, Mukesh Ambani, chairman of India’s richest Reliance Industries, has more wealth than Warren Buffett, an investor known as the Oracle of Omaha.
At the same time, Ambani has risen to number one in the list of the richest people in the world. According to the Bloomberg Billionaire Index, Warren Buffett has a net worth of 67 67.9 billion while Mukesh Ambani has a net worth of .3 68.3 billion.