With investors queueing up for a slice of its digital services platform — Jio Platforms, the market valuation of the country’s largest company, Reliance Industries (RIL) hit yet another milestone of $150 billion on Friday. A clutch of private equity giants and Facebook invested Rs 1.16 lakh crore in Jio for 24.7% stake.
Along with the rights issue of Rs 53,124.20 crore, the company mopped up a colossal Rs 1.69 lakh crore in less than two months. There are only 60 companies in the world as of Friday with a minimum market capitalisation of $150 billion, Bloomberg data showed.