Bonus Share: Shareholders of Mukesh Ambani-led Reliance Industries may get great news on Monday. The record date for giving the company’s shareholders bonus shares may be announced on Monday. The company decided to distribute bonus shares in the September Annual General Meeting (AGM). The company will give one share for every share, doubling the shares of every shareholder.
This Bonus Issue Is A Diwali Gift From Reliance Industries
This bonus issue of Reliance Industries will be the largest of its kind on the stock market. It is being considered a gift for investors in the festive season. Reliance has named it Diwali Gift. However, its record date has not been announced yet. Many media reports believe the decision to issue bonus shares may be taken on October 14. On Monday, the company can also approve its quarterly and half-yearly results after reviewing them.
Quarterly Results Will Be Reviewed In The Meeting Of The Board Of Directors
The company informed the exchange filing that the meeting of the Board of Directors will be held on Monday, October 14. During this, the results of the quarter ended September 30 will be reviewed. As per SEBI rules, Reliance Industries’ trading window for securities transactions was closed on October 1, 2024. It will remain closed for 48 hours after the quarterly results are announced.
The Company Is Bringing Bonus Issue For The 6th Time After The IPO
Reliance Industries has decided to issue a bonus for the sixth time after the IPO. This is also the second bonus issue in a decade. The company said that it wants to provide continuous benefits to its investors. Our golden decade it started in 2017. Shareholders should also get their reward. In 2017, the company doubled the shares of its shareholders.
