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Reliance Bonus issue 2024: RIL may announce bonus share record date tomorrow: reports
The Business Guardian
|October 14, 2024
Reliance Industries Limited (RIL) announced that its Board of Directors had approved a 1:1 bonus share issue during its annual general meeting (AGM) in September this year. This means shareholders holding one fully paid-up equity share of 10 each will receive an additional share of the same value.
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The bonus issuance is expected to be the largest of its kind in India's stock market, coinciding with the festive season, which RIL has dubbed as an "early Diwali gift" to investors, as per various media reports.
However, the company has not yet disclosed the official record date for the bonus share distribution.
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