Calling it an ‘early Diwali gift’, Mukesh Ambai-owned Reliance Industries had approved a 1:1 bonus share issue earlier in the month of September, for which the record date was later fixed as October 28.Udabur Wealth Management

This means that the shareholders who have RIL shares in their demat account before October 28, 2024 will be eligible for the bonus issue of shares.

“We wish to inform you that the Company has fixed Monday, October 28, 2024 as the Record Date for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares of the Company,” the company had informed in a previous filing to the exchanges.

The shareholders who have the shares of the company in their demat accounts on the record date will be credited with an additional share of the company as a bonus.

The said issue is the largest-ever issuance of bonus equity shares in the Indian equity market.

“This will be the largest ever issuance of bonus equity shares in the 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,” the exchange filing said.

This is the sixth bonus issue from RIL since its IPO and the second in this decade, the exchange filing read.

Reliance Industries reported a 5% decline in its consolidated net profit to Rs 16,563 crore for the quarter ended September 2024, down from Rs 17,394 crore in the year-ago period.

Revenue from operations increased by a marginal 0.2% year-on-year (YoY) to Rs 2.35 lakh crore in the reporting period.Indore Stock

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