Bonus Share: Reliance Industries, the country's largest company in terms of market cap, is going to give one bonus share to its shareholders for each share. The record date for bonus shares is now very close. Let us tell you that Reliance Industries had said in an exchange filing on September 5 that the company's board of directors has approved the issue of bonus shares to shareholders in the ratio of 1:1. The company had said that shareholders will be given one bonus share of face value of Rs 10 for every share of face value of Rs 10.
Mukesh Ambani had announced to give bonus shares in the 47th AGM of Reliance.
Reliance Industries Chairman Mukesh Ambani had announced the issuance of bonus shares to shareholders in the ratio of 1:1 in the company's 47th AGM on August 29. The company has fixed the record date for the bonus shares on Monday, October 28. Reliance Industries shares will trade ex-bonus on October 28. This means that only those shareholders who hold shares of the company on October 28 will be given bonus shares. Investors who buy new shares of the company on October 28 will not be given bonus shares on the shares purchased on that day. If an investor wants to receive bonus shares on old shares as well as new shares, he will have the last chance to buy Reliance shares on October 25.
Reliance Industries had also issued bonus shares in the ratio of 1:1 in 2009 and 2017.
Let us tell you that in 2017, Reliance Industries had issued bonus shares to the shareholders in the ratio of 1:1. Before that, in the year 2009, the company had issued bonus shares to its shareholders in the ratio of 1:1. Shares of Reliance Industries closed with a gain of Rs 2708.00 on Wednesday. The 52 week high of the company's shares is Rs 3217.90 and the company's shares are currently trading much below their 52 week level. According to BSE, the current market cap of Reliance Industries is Rs 18,39,025.62 crore.
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