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.

Creator

• Reliance Industries Limited

Contributors

• Ayyar, Tushar

Keyword

• Shri Dhirubhai Ambani
• Growth of Reliance Industries
• IPO
• Reliance Industries Limited

Resource type

• Image

Rights statement

• http://rightsstatements.org/vocab/InC/1.0/