New Delhi: The Board of Directors of Reliance Industries Limited (RIL) has authorised the difficulty of bonus shares within the ratio of 1:1 i.e. each shareholder holding 1 (one) totally paid-up fairness share of Rs. 10 every on the report date will obtain 1 (one) totally paid-up fairness share of Rs. 10 every.
RIL 1:1 Bonus Issue Record Date
The report date can be individually intimated, RIL mentioned in a regulatory submitting.
“This will be the largest ever issuance of bonus equity shares in the Indian equity market. The issuance and listing of bonus shares will coincide with the upcoming festive season in India and will be an early Diwali Gift to all our esteemed shareholders,” RIL mentioned.
“This is the sixth bonus issue from RIL since its IPO and the second in this Golden Decade. The bonus issue is a testimony to Reliance’s continued commitment towards rewarding shareholders during the Golden Decade from 2017 to 2027”, it added.
In 2017, Reliance had issued bonus shares within the ratio of 1:1. This was adopted by a Rights Issue in 2020, the place shareholder’s funding has grown 2.5 instances already. In July 2023, Jio Financial Services Limited was demerged, which is valued 35 per cent larger as we speak from its itemizing.
Reliance is India’s largest non-public sector firm. Currently ranked 86th, Reliance is the biggest non-public sector firm from India to be featured in Fortune’s Global 500 record of ‘World’s Largest Companies’ for 2024.
The firm stands forty fifth within the Forbes Global 2000 rankings of ‘World’s Largest Public Companies’ for 2023, the very best amongst Indian firms.
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