Reliance Industries: Today is a very important day for the investors of Reliance Industries. Investors who had bought shares of Reliance Industries till last Friday i.e. 25th October, have got the opportunity to buy bonus shares of RIL today. Reliance Industries had already announced to give one share bonus on each of its shares and today that day has come.
Reliance Industries shares will trade ex-dividend
Today, Monday, October 28, 2024, shares of Reliance Industries will trade ex-dividend. Its record date is fixed for October 28 and the company’s stock will start trading ex-bonus. Keep in mind that in the Annual General Meeting (AGM) of Reliance Industries, Chairman Mukesh Ambani had announced bonus shares as a gift to the shareholders.
On August 29, 2024, the company had said that a new share with a face value of Rs 10 will be issued to the shareholders of the company in exchange for the existing share with a face value of Rs 10.
Know the main points of ex-dividend trading of Reliance Industries shares
- The company’s board had given its approval to increase the authorized share capital from the current Rs 15,000 crore to Rs 50,000 crore. If seen in a way, the investors of Reliance Industries are going to get a big gift today and their shares are going to double.
- After the stock market closes on October 25, the same number of bonus shares will be issued to the investors who hold Reliance Industries shares.
- Suppose a shareholder has 100 shares of Reliance Industries, then after crediting the ex-dividend and bonus shares today, he will have 200 shares.
- Investors have to keep one thing in mind that only the number of their RIL shares will increase and there will be no change in their holding value.
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