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Mukesh Ambani's Reliance adds ₹90,000 crore market value in 1 day
short by Krishna Veera Vanamali / on Tuesday, 13 August, 2019
Reliance Industries shares surged up to 12% today, their biggest intraday rise in over a decade, adding nearly ₹90,000 crore to its market value. This comes after the Mukesh Ambani-led company announced Saudi Aramco plans to invest $15 billion for a 20% stake in its refining business. It also set a target to reach zero net debt within 18 months.
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