(Shutterstock)Reliance Industries on Monday became the first Indian firm to hit a market valuation of USD 150 billion helped by a continuous rally in its share price. In morning trade, the company's market valuation jumped Rs 28,248.97 crore to Rs 11,43,667 crore (USD 150 billion) on the BSE. Reliance Industries on Friday became the first Indian company to cross the Rs 11 lakh crore market valuation mark. Ambani announced that Reliance Industries had become net debt-free after raising a record Rs 1.69 lakh crore from global investors and a rights issue in under two months. "With these investments, RIL has become net debt-free," it said.

Source: The Telegraph June 22, 2020 05:26 UTC