Bonus Share: Led by Mukesh Ambani Shareholders of Reliance Industries may get some good news on Monday. The record date for giving bonus shares to the company’s shareholders can be announced on Monday. The company had decided in the Annual General Meeting (AGM) held in September that it would distribute bonus shares. The company will give one share for every share. Due to this, the shares of every shareholder will double.
This bonus issue is a Diwali gift from Reliance Industries.
This bonus issue of Reliance Industries is going to be the largest of its kind on the stock market. This is being considered as a gift for investors in the festive season. Reliance has named it Diwali gift. However, its record date has not been announced yet. It is believed in many media reports that the decision to issue bonus shares may be taken on October 14. On Monday, after reviewing its quarterly and half yearly results, the company can also approve them.
Quarterly results will be reviewed in the board of directors meeting
The company has informed in the exchange filing that the meeting of the Board of Directors is going to be held on Monday, October 14. During this period, the results of the quarter ending September 30 will be reviewed. As per SEBI rules, the trading window of Reliance Industries for transactions in securities was closed on October 1, 2024. It will remain closed till 48 hours after the declaration of quarterly results.
Company is bringing bonus issue for the 6th time after IPO
Reliance Industries has decided to bring bonus issue for the 6th time after the IPO. Also, this is the second bonus issue in a decade. The company had said that we want to continuously provide benefits to our investors. Our golden decade has started from the year 2017. Shareholders should also be rewarded for this. In the year 2017 also, the company had doubled the shares of its shareholders.
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