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Reliance Industries Bonus Issue 2024: 1:1 Shares for First Time in 7 Years

News by Aliceblue News Desk

03 Sept 2024

Reliance Industries Bonus Issue 2024: 1:1 Shares for First Time in 7 Years

RIL Bonus Shares 2024 Announcement

Reliance Industries is set to make a major announcement this week regarding a bonus share issue. For the first time in seven years, the company, led by billionaire Mukesh Ambani, will reward shareholders with bonus shares. This update comes ahead of the 47th Annual General Meeting (AGM) on August 29, 2024. The company’s board will meet on September 5 to consider and recommend the bonus issue for shareholder approval.

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Details of the RIL Bonus Shares 2024

The bonus share issue, the first since 2017, will be discussed by Reliance Industries’ board on September 5, 2024. Shareholders are expected to receive bonus shares in a 1:1 ratio. This means that for every existing share, shareholders will receive one additional share.

RIL Bonus Shares 2024 Record Date

The record date for the RIL bonus issue has not yet been announced but will be provided later.

Historical Context of Reliance Industries Bonus Issues

Reliance Industries has a history of issuing bonus shares, with five such occurrences since its listing in the late 1970s. Past issues took place in 1980, 1983, 1997, 2009, and 2017, with the most recent being in a 1:1 ratio. The initial issues had varying ratios, with the latest aligning with the company’s standard practice.

Current Stock Performance and Market Cap

As of the latest market update, Reliance Industries shares are trading at Rs 3032.80 on the BSE. The company’s market capitalization stands at approximately Rs 20.52 lakh crore, underscoring its significant role in the Indian economy.

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