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Reliance Industries plans 1:1 bonus issue for shareholders

The last bonus that Reliance Industries had announced was in 2017 in the ratio of 1:1. It had announced four bonus issues since 1983.

Reliance Industries LimitedShares of RIL were trading 1.77 per cent higher at Rs 3,048 on the exchanges. (File)

Reliance Infustries Ltd (RIL) has proposed to issue a bonus issue in the ratio of one for one to the shareholders.

“The meeting of the Board of Directors of the company is scheduled to be held on September 5, 2024 to consider and recommend to the shareholders for their approval, issue of bonus shares in the ratio of 1:1 to the shareholders of the company by capitalization of reserves,” RIL said in an exchange filing.

The last bonus that Reliance Industries had announced was in 2017 in the ratio of 1:1. It had announced four bonus issues since 1983.

Shares of RIL were trading 1.77 per cent higher at Rs 3,048 on the exchanges.

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