Dhirubhai Ambani's amazing idea to attract investors..!?

Today is the birthday of Dhirubhai Ambani, the creator of the reliance empire, who was born on this same 28th of december 1932. Dhirubhai Ambani's success was seen as the success of every indian people and his development path was such that. The most important thing in his development path is to hold the annual meeting of each reliance Group through a public meeting inviting lakhs of investors in person, which is why reliance became a superstar among investors. Dhirubhai Ambani decided to raise investments from the public to take his reliance company on a fast growth path. Only big trading empires went for IPOs during that period, but Dhirubhai Ambani broke even that.
Dhirubhai Ambani raised capital in 1977 through the reliance Textile industries IPO by selling shares to the public. One of the most successful IPOs in india was reliance Textile industries, 11 years before the central government set up SEBI. Dhirubhai Ambani's reliance Textile industries was floated with an IPO at a valuation of around Rs 2.82 crore. During that period, the investment accumulated to about 7 times more shares than ever before. Since most of the investors in reliance industries were small investors, he held company annual meetings like a big festival in public to give confidence to all parties. With this, the fame of reliance Group spread all over india and this is the main reason why people celebrate Reliance. In the 5 years since the 1991 liberalization, Dhirubai Ambani launched about 4 IPOs in the reliance Group. All 4 companies were added to reliance due to the inability to show earnings to attract investors. Only in 2023 after 1996 jio Financial services came to the stock market.

మరింత సమాచారం తెలుసుకోండి:

dhirubhai ambani

Sowmiya Sriram

28/12/2023 12:01 PM