Reliance goes public for the first time by announcing its IPO
Reliance goes public for the first time by announcing its IPO
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Description:
Reliance goes public for the first time by announcing its IPO and raises Rs 2.8 crore (USD 3.28 million), thus ushering in the Equity Cult in India.
• Initial share price is Rs 10
• Issue oversubscribed seven times with 58,000 investors by the year end
• Receives approval for BSE listing of Reliance as Reliance Textile Industries Ltd.
Image Courtesy: Reliance Industries Limited.
Date_accepted:
2022-08-09T10:31:37Z
Modified:
2022-08-09T10:31:37Z
Type:
Image
Creator:
Reliance Industries Limited
Contributor:
Ayyar, Tushar
Rights:
http://rightsstatements.org/vocab/InC/1.0/
References:
Shri Dhirubhai Ambani, Growth of Reliance Industries, IPO, and Reliance Industries Limited