Reliance Industries the first Indian Firm to cross $200 Billion Market Cap

Reliance Industries, with the ticker symbol RIL in the Indian Stock Exchanges, has become the first Indian company to cross the $ 200 billion market capitalization.

In 2020 alone, Reliance has gained a market cap of over $70 billion.

This move is primarily fueled by Silver Lake Partners' decision to invest Rs 7,500 crore in Reliance Retail for a 1.75% stake in the company's retail unit. Silver Lake is a global technology investment firm, with more than $60 billion in combined assets under management. This has enticed investors to be a part of the action that Silver Lake anticipates in Reliance Industries.

Silver Lake, along with its co-investors, has already invested Rs 10,202.55 crore in two rounds in RIL's Jio Platforms. Also, after this investment, Jio Platforms and Reliance Retail account for over Rs 9 lakh crores of RIL's valuation.

Furthermore, at the time of writing, Reliance Industries' market cap has climbed further to $203.46 billion. The stock closed at Rs. 2,314.65 on BSE on September 10.