Reliance Industries Ltd (RIL) on Monday became the first Indian firm to hit a market valuation of $150 billion during the day. In the morning trade, the company's market valuation jumped to $150 billion on the BSE. RIL, the country's most-valued firm, on Friday became the first Indian company to cross the Rs 11-lakh crore market valuation mark. Its market valuation crossed Rs 11 lakh crore in the previous session as its share price rallied over 6 per cent after its chairman Mukesh Ambani announced that the oil-to-telecom conglomerate has become net debt-free. Ambani announced that RIL has become net debt-free after raising a record Rs 1.69 lakh crore from global investors and a rights issue in under two months.
