Reliance Industries Set to Issue 1:1 Bonus Shares

Reliance Industries Ltd plans to issue 1:1 bonus shares, with the decision to be finalized on September 5, 2024. This follows their last bonus share issuance in 2017 and a similar issuance in 2009. The move will capitalize the company’s reserves for the benefit of its equity shareholders.

Reliance Industries Ltd is set to consider issuing 1:1 bonus shares, as discussed in a regulatory filing this Thursday. The board will meet on September 5, 2024, to make a final decision.

The company, India's most valuable, last issued bonus shares in September 2017. Before that, it executed a similar issuance in 2009.

The meeting will propose to shareholders the issuance of bonus shares in a 1:1 ratio by capitalizing reserves, pending their approval.

(With inputs from agencies.)