Reliance Industries Ltd recommends 1:1 bonus issue

The Board of Directors of Reliance Industries Ltd at its meeting held today, have recommended to the shareholders for their approval, through postal ballot:

i. issue of bonus shares in the ratio of 1:1 i.e. 1 (one) new fully paid-up equity share of ₹ 10/- (Rupees Ten Only) each for every 1 (one) existing fully paid-up equity share of ₹ 10/- (Rupees Ten Only) each, to the eligible equity shareholders of the Company as on the record date, by capitalization of securities premium received in cash and / or general reserve and / or retained earnings;

ii. increase in the Authorised Share Capital of the Company from Rs. 15,000 crore to Rs. 50,000 crore.

Shares of Reliance Industries Limited was last trading in BSE at Rs. 3029.80 as compared to the previous close of Rs. 3019.60. The total number of shares traded during the day was 201285 in over 13260 trades.

The stock hit an intraday high of Rs. 3034.00 and intraday low of 2995.90. The net turnover during the day was Rs. 607893279.00.

Source : Equity Bulls

Keywords

RelianceIndustries INE002A01018 RIL BonusIssue 1For1