Reliance Industries Bonus Shares turned ex-bonus on October 28, as the company declared a 1:1 bonus issue, granting one additional share for every share owned. This move marks the sixth bonus distribution since RIL’s initial public offering.
On the ex-date, Reliance shares began trading at an adjusted opening price of ₹1,337, up from the adjusted ₹1,327.85 on the NSE. By mid-morning, the stock had risen by 1.78% to ₹1,351, with over 26 lakh shares traded, totaling a value of ₹356 crore.
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RIL Bonus Issue saw the company’s market capitalization exceed ₹18.2 lakh crore. The ex-date for shareholders to qualify for the bonus was set for October 28, requiring ownership before this date to be eligible for the distribution.
The announcement of this bonus issue was made by the RIL board on September 5, 2024, calling it the “largest-ever issuance of bonus equity shares in the Indian equity market,” aligning the issuance with the festive season as a gift to shareholders.
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Despite the positive news on the bonus shares, Reliance Industries reported a near 5% decrease in consolidated profit for the September quarter of the 2024-25 fiscal year, totaling ₹16,563 crore, which was below market expectations.
The company did report a slight increase in consolidated revenue, achieving ₹258,027 crore for the September quarter, compared to ₹255,996 crore in the same quarter of the previous year, indicating steady top-line growth.
