<p>Reliance Industries has overtaken ExxonMobil to become the world's second most valuable energy company after its market capitalisation scaled to a record high of over Rs 14 lakh crore.</p>.<p>The oil-to-telecom conglomerate is now ranked 46th globally on market cap, according to stock market data.</p>.<p>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 company to 46th position.</p>.<p>The Rs 13.6 lakh crore m-cap of Reliance together with Rs 54,262 crore m-cap of its partly-paid shares that were issued in the recent rights issue and are traded separately, puts the company's combined market value at Rs 14.1 lakh crore or USD 189.3 billion.</p>.<p>This was enough to race past ExxonMobil which has an m-cap of USD 184.7 billion.</p>.<p>Globally, Saudi Aramco has the highest market cap of USD 1.75 trillion, followed by Apple (USD 1.6 trillion), Microsoft (USD 1.5 trillion), Amazon (USD 1.48 trillion), and Alphabet (USD 1.03 trillion).</p>.<p>Reliance is now the second most valuable energy firm. Aramco being the top energy company.</p>.<p>No Indian company has ever crossed an m-cap of Rs 14 lakh crore.</p>.<p>Besides being higher than ExxonMobil in m-cap, Reliance is also above Chevron which has an m-cap of about USD 169 billion as well as likes of Oracle, Unilever, Bank of China, BHP Group, Royal Dutch Shell and SoftBank Group.</p>.<p>Reliance is the 10th highest m-cap company in Asia. China's Alibaba Group is ranked 7th globally.</p>.<p>At 46th rank, Reliance is just below PepsiCo which has an m-cap of USD 189.8 billion.</p>.<p>Reliance share price had touched a bottom of Rs 867 on March 23, 2020, when the total market value of the company stood at Rs 5.5 lakh crore or USD 73.5 billion.</p>.<p>It added USD 115.9 billion to shareholder wealth within just four months – one of the highest value creation feats in the world in such a short time - mostly on the back of record fundraising from equity dilution in its digital unit, Jio Platforms.</p>.<p>The firm added USD 39 billion market value within five weeks and USD 29 billion in the last 14 trading sessions.</p>.<p>ReliancePP or the partly paid-up shares issued in recently concluded Rights Issue have generated over 4.1 times returns to investors in less than two months.</p>.<p>The issue closed on June 4, 2020, when investors had to pay Rs 314.25 to own each of the partly paid-up share.</p>.<p>The ReliancePP shares listed on stock exchanges on June 15, 2020.</p>.<p>Reliance raised a total of Rs 2,12,809 crore through Rights Issue, equity sale in Jio Platforms, and investment by BP in its fuel retailing venture.</p>.<p>The combined capital raised has no precedence globally in such a short time.</p>
<p>Reliance Industries has overtaken ExxonMobil to become the world's second most valuable energy company after its market capitalisation scaled to a record high of over Rs 14 lakh crore.</p>.<p>The oil-to-telecom conglomerate is now ranked 46th globally on market cap, according to stock market data.</p>.<p>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 company to 46th position.</p>.<p>The Rs 13.6 lakh crore m-cap of Reliance together with Rs 54,262 crore m-cap of its partly-paid shares that were issued in the recent rights issue and are traded separately, puts the company's combined market value at Rs 14.1 lakh crore or USD 189.3 billion.</p>.<p>This was enough to race past ExxonMobil which has an m-cap of USD 184.7 billion.</p>.<p>Globally, Saudi Aramco has the highest market cap of USD 1.75 trillion, followed by Apple (USD 1.6 trillion), Microsoft (USD 1.5 trillion), Amazon (USD 1.48 trillion), and Alphabet (USD 1.03 trillion).</p>.<p>Reliance is now the second most valuable energy firm. Aramco being the top energy company.</p>.<p>No Indian company has ever crossed an m-cap of Rs 14 lakh crore.</p>.<p>Besides being higher than ExxonMobil in m-cap, Reliance is also above Chevron which has an m-cap of about USD 169 billion as well as likes of Oracle, Unilever, Bank of China, BHP Group, Royal Dutch Shell and SoftBank Group.</p>.<p>Reliance is the 10th highest m-cap company in Asia. China's Alibaba Group is ranked 7th globally.</p>.<p>At 46th rank, Reliance is just below PepsiCo which has an m-cap of USD 189.8 billion.</p>.<p>Reliance share price had touched a bottom of Rs 867 on March 23, 2020, when the total market value of the company stood at Rs 5.5 lakh crore or USD 73.5 billion.</p>.<p>It added USD 115.9 billion to shareholder wealth within just four months – one of the highest value creation feats in the world in such a short time - mostly on the back of record fundraising from equity dilution in its digital unit, Jio Platforms.</p>.<p>The firm added USD 39 billion market value within five weeks and USD 29 billion in the last 14 trading sessions.</p>.<p>ReliancePP or the partly paid-up shares issued in recently concluded Rights Issue have generated over 4.1 times returns to investors in less than two months.</p>.<p>The issue closed on June 4, 2020, when investors had to pay Rs 314.25 to own each of the partly paid-up share.</p>.<p>The ReliancePP shares listed on stock exchanges on June 15, 2020.</p>.<p>Reliance raised a total of Rs 2,12,809 crore through Rights Issue, equity sale in Jio Platforms, and investment by BP in its fuel retailing venture.</p>.<p>The combined capital raised has no precedence globally in such a short time.</p>