RIL Board Approves 1:1 Bonus Issue – Largest Bonus Issue In Indian Equity Markets
An early Diwali Gift to shareholders in RIL’s all-round value creation tradition.
The Board of Directors of Reliance Industries Limited (RIL) yesterday approved the issue of bonus shares in the ratio of 1:1 i.e. every shareholder holding 1 (one) fully paid-up equity share of Rs. 10/-each on the record date will receive 1 (one) fully paid-up equity share of Rs. 10/- each. The record date will be separately intimated.
This will be the largest ever issuance of bonus equity shares in Indian equity market. The issuance and listing of bonus shares will coincide with the upcoming festive season in India and will be an early Diwali Gift to all our esteemed shareholders.
This is the sixth bonus issue from RIL since its IPO and the second in this Golden Decade.The bonus issue is a testimony to Reliance’s continued commitment towards rewarding shareholders during the Golden Decade from 2017 to 2027.
• In 2017, Reliance had issued bonus shares in the ratio of 1:1
• This was followed by a Rights Issue in 2020, where shareholder’s investment has grown 2.5 times already.
• In July 2023, Jio Financial Services Limited was demerged, which is valued 35% higher yesterday from its listing.
Reliance remains committed to its mission of creating all-round value for all its stakeholders in the true spirit of its ‘We Care’ philosophy in coming years.