RIL's market value at over Rs 2,00,000 cr

Mumbai, Apr 16 (UNI) Shares of the country's most valued firm, Mukesh Ambani-led petrochemicals giant Reliance Industries (RIL) today soared to a new life-time high of Rs 1,460, effectively taking the company's market value to over a staggering Rs 2,00,000 crore.

The surge in the RIL-scrip followed a statement from the company chairman, Mukesh Ambani that it anticipates a robust demand for petrochemicals over the next 12-18 months.

''The petrochemicals cycle has not peaked as yet,'' he observed.

Subsequently, the company's shares ended higher by Rs 49.35 at Rs 1,460 on the premier Bombay Stock Exchange (BSE). Nearly 63 lakh shares changed hands on the BSE and the National Stock Exchange (NSE).

Meanwhile, the blue-chip company has allotted 12 crore warrants on a preferential basis to entities belonging to the promoter group, entitling the holders to apply for an equivalent number of fully paid-up equity shares of Rs 10 each at Rs 1402 per share, within 18 months from the date of issue, RIL disclosed.

UNI