Shares of Reliance Industries Limited (RIL) hiked on BSE gone up to Rs.12.09 trillion.

Shares of Reliance Industries Limited (RIL) hiked its all time high up to Rs.1,908 on BSE on Friday. The shares have been increasing since March, when RIL announced its plan to reduce its debt to zero. The stocks have risen over 120%

Till now RIL has sold 25.24% stakes to the leading and renowned global investors. Last Sunday Reliance enterprise Jio Infocomm has sold its 0.15% stakes to Qualcomm Inc, a wireless 5G technology company. Some of the strategic investors apart from Qualcomm include Facebook, Intel, KKR,General Atlantic, TPG, Silver Lake, L Catterton, Vista Equity Partners, Abu Dhabi Investment Authority, Mubadala Investment Company, and Public Investment Fund (PIF).

Till now RIL has raised funds of Rs.118,318.45 crore through these investors. Till March 31 RIL has net debt of Rs. 1.61 trillion, however now RIL is net debt free company.

RIL is a conglomeration incorporating many companies ranging in energy, textiles, telecom,oil etcs.