Reliance Industries Bonus share: The board of Mukesh Ambani’s company Reliance Industries Limited on Thursday, September 5, approved the issuance of bonus shares to shareholders in the ratio of 1:1. This means that shareholders will get one additional share for every one share held as per the record date. The record date for issuing bonus has not been decided yet and it will be informed separately. Apart from this, the board approved increasing the authorized share capital from ₹ 15,000 crores to ₹ 50,000 crores.
The company is going to give bonus for the sixth time
Let us tell you that this company of Mukesh Ambani has given bonus shares before as well. After the years 1980, 1983, 1997, 2009 and 2017, the company is now giving bonus shares to its shareholders for the sixth time in 2024. Let us tell you that companies mainly issue bonus shares to make their stock more accessible to retail investors, especially when the share price has increased significantly. So far in 2024, shares of Reliance Industries have gained 17% and are trading above the ₹ 3,000 mark. The stock is also trading close to its all-time high of ₹ 3,217, which it made in the month of July. Apart from Reliance Industries, there are other Nifty companies that regularly issue bonus shares to shareholders.
Foreign investors are impressed with the ₹ 123 stock, placed a big bet, rushed to buy as soon as the news came
Investors are thrilled with this stock which doubled its money in 1 day, the stock is in huge demand
The company had announced in the AGM
Let us tell you that the board members of the company had announced bonus shares in the annual meeting last week. The company had said that this is to be discussed on September 5, 2024. In this, it will be recommended to consider and recommend to the shareholders for their approval, issue bonus shares in the ratio of 1:1 to the shareholders of the company by capitalization of ‘reserve’.
