Reliance Industries Ltd. (RIL) has announced its first bonus share issue in seven years, offering shareholders one new share for every share they own. This 1:1 bonus issue, approved by the company’s board during its 47th Annual General Meeting, marks the conglomerate’s sixth such issue since 2017.
Alongside this, RIL plans to raise its authorized share capital from ₹15,000 crore to ₹50,000 crore. While the exact record date for the bonus shares will be confirmed soon, the company’s stock dipped by over 1% following the news
