In 1977, in order to scale up its operations, funds were needed. Unwilling to face red tape from banks, Reliance reached out to the public. Its first public issue was oversubscribed seven times, to the complete astonishment of trade analysts. Small investors now became the backbone of the company. Image Courtesy: Reliance Industries Limited.

Creator

• Reliance Industries Limited

Mitwirkende

• Ayyar, Tushar

Stichwort

• Reliance Journey
• Reliance Textile Industries Limited
• IPO
• Shri Dhirubhai Ambani

Resource type

• Image

Rights statement

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