Reliance goes public

Description:

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.

Date_accepted:

2022-08-03T11:57:22Z

Modified:

2023-01-03T09:42:28Z

Type:

Image

Creator:

Reliance Industries Limited

Contributor:

Ayyar, Tushar

Rights:

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

References:

Reliance Journey, Reliance Textile Industries Limited, IPO, and Shri Dhirubhai Ambani

Thumbnail:

https://repository.jioinstitute.edu.in/downloads/28257107-f9c3-450e-af34-48d3959dd591?file=thumbnail