NEW DELHI: RIL on Thursday said its board has approved the issue of one free share for every share held in the country’s largest ever issuance of bonus equity shares. The 1:1 bonus issue will be the first by India’s most valuable company in seven years. The board also recommended an increase in authorised share capital to Rs 50,000 crore from Rs 15,000 crore, the company said in a statement.This will be the oil-to-telecom-and-retail conglomerate’s sixth bonus issue since listing. Agencies
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Reliance Industries board approves 1:1 bonus issue for shareholders
Reliance Industries Limited’s Board of Directors has approved a 1:1 bonus issue for shareholders, granting one free share per existing share. The company plans to increase its authorized share capital from Rs 15,000 crore to Rs 50,000 crore. Eligible shareholders can expect the bonus shares by November 1, 2024.
Reliance Industries Limited’s Board of Directors has approved a 1:1 bonus issue for shareholders, granting one free share per existing share. The company plans to increase its authorized share capital from Rs 15,000 crore to Rs 50,000 crore. Eligible shareholders can expect the bonus shares by November 1, 2024.
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Reliance Industries will consider a 1:1 bonus share at its Sept 5 board meeting, the sixth issuance since its listing in 1977. Chairman Mukesh Ambani emphasized strong financial performance and growth plans, including doubling revenues for Jio and retail units and expanding into green energy. The company posted a record net profit of Rs 79,020 crore in FY24.
Reliance Industries will consider a 1:1 bonus share at its Sept 5 board meeting, the sixth issuance since its listing in 1977. Chairman Mukesh Ambani emphasized strong financial performance and growth plans, including doubling revenues for Jio and retail units and expanding into green energy. The company posted a record net profit of Rs 79,020 crore in FY24.
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