RIL Approves 1:1 Bonus Share Issue, Record Date To Be Announced Soon
The announcement marks RIL's sixth bonus issue since its IPO and the second during the company’s “Golden Decade,” which spans from 2017 to 2027
Reliance Industries (RIL) has approved a bonus share issue in the ratio of 1:1. This means that for every fully paid-up equity share of Rs 10, shareholders will receive an additional fully paid-up equity share of the same value.
RIL disclosed in a regulatory filing that the record date for determining shareholder eligibility will be announced separately.
In a statement, the company called the bonus issue "the largest ever issuance of bonus equity shares in the Indian equity market." RIL also highlighted that the timing coincides with the upcoming festive season, terming it an “early Diwali gift” to its shareholders.
The announcement marks RIL's sixth bonus issue since its IPO and the second during the company’s “Golden Decade,” which spans from 2017 to 2027. In 2017, RIL issued bonus shares in the same 1:1 ratio, followed by a successful Rights Issue in 2020, which has seen shareholder investments grow by 2.5 times. Additionally, the recent demerger of Jio Financial Services in July 2023 has already resulted in a 35 per cent increase in valuation since its listing.
Reliance continues to hold strong positions in global rankings, recently securing 86th place on the 2024 Fortune Global 500 list of the world’s largest companies and ranking 45th on the 2023 Forbes Global 2000 list of the world’s largest public companies.
