Bonus6 Sept 2024, 12:08 am
RIL Board Approves 1:1 Bonus Issue - Largest Bonus Issue In Indian Equity Markets
AI Summary
The Board of Directors of Reliance Industries Limited (RIL) approved the issue of bonus shares in the ratio of 1:1. This is the largest ever issuance of bonus equity shares in Indian equity market and will coincide with the upcoming festive season in India. This is the sixth bonus issue from RIL since its IPO and the second in this Golden Decade. The company remains committed to its mission of creating all-round value for all its stakeholders in the true spirit of its ‘We Care’ philosophy.
Key Highlights
- RIL approves 1:1 bonus issue, the largest ever in Indian equity market
- 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
- Reliance remains committed to its mission of creating all-round value for all its stakeholders
- The issuance and listing of bonus shares will coincide with the upcoming festive season in India