Mumbai, Sep 05: The Board of Directors of Reliance Industries Limited (RIL) today approved the issue of bonus shares in the ratio of 1:1.
Every shareholder holding one fully paid-up equity share of Rs 10 each on the record date will receive an equal fully paid-up equity share of Rs. 10 each. The record date will be separately intimated, said RIL in a statement.
This will be the largest ever issuance of bonus equity shares in 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.
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 said.
In 2017, Reliance had issued bonus shares in the ratio of 1:1.
