Reliance Industries Limited (RIL) board approves 1:1 bonus issue for shareholders

 

Reliance Industries Ltd (RIL) announced on September 5 that its board has approved a 1:1 bonus issue, marking the company’s first bonus offering since September 2017. The bonus issue will provide one new fully paid-up equity share of ₹10 for every existing fully paid-up equity share of ₹10. The bonus shares will be issued by capitalizing securities premium, general reserves, or retained earnings.

This bonus issue comes as part of the company’s efforts to reward shareholders and increase the liquidity of RIL shares in the market. It reflects RIL's robust financial performance and ongoing business expansions across sectors like retail, telecom, energy, and digital services.

Details regarding the record date will be shared at a later stage. Additionally, RIL's board has also approved an increase in the authorized share capital of the company from ₹15,000 crore to ₹50,000 crore.