2024-09-08 07:58:16
New Delhi: Reliance Industries, the country’s most valuable company led by Mukesh Ambani, has announced to give one bonus share on one share to its investors. The company’s board has approved it. Now the question arises that what will be its record date? According to historical data, its record date can be in October. Reliance Industries has previously announced bonus issues in 1980, 1983, 1997, 2009 and 2017. The company is going to give a gift to its investors again after seven years. But the company says that its record date will be informed separately. Reliance announced the bonus issue in 2017 on 21 July and its record date was 9 September. Before that, in the year 2009, the company announced the issue on 7 October and its record date was 27 November. Talking about the issue of 1997, it was announced on 13 September and its record date was 29 November. It is clear from this that there is usually a gap of 40-50 days between the company’s announcement and the record date. If this pattern continues, the record date for the 2024 bonus issue may be after October 20.
RIL AGM: Reliance gave a gift to 35 lakh shareholders, 1 bonus share will be given on every share
Diwali Gift
The bonus share issue was announced at Reliance’s 47th Annual General Meeting held on August 29. The board approved it on September 5. This is the largest reward ever given by a company to its investors in the history of the Indian stock market. The company said in an exchange filing that this will be the largest ever issue of bonus equity shares in the Indian equity market. The issue and listing of bonus shares will coincide with the festive season in the country and it will be a Diwali gift for our shareholders. On Friday, shares of Reliance Industries closed down nearly 2% at Rs 2,929.85 on the BSE.