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Exciting News: Reliance Industries Announces 1:1 Bonus Share Issue – Record Date Set for October 28, 2024

By- {Pradeep Saran}

Oct 17, 2024

Reliance Industries Limited (RIL), led by Mukesh Ambani, has made a big announcement that will interest investors. The company has set the record date for its much-awaited 1:1 bonus share issue. This means for every share you own, you will receive an additional share – completely free of cost! The record date for this bonus issue is Monday, October 28, 2024.

What’s the 1:1 Bonus Share All About?

At the recent Annual General Meeting (AGM), Mukesh Ambani, Chairman of RIL, shared this exciting news. Ambani emphasized the company’s commitment to creating wealth for its shareholders and the nation. He said, “As Reliance grows, our shareholders are rewarded.” This is not just a promise – it’s a reality, with the company receiving 99.92% approval for this bonus share plan from its investors.

What Does This Mean for You?

If you are a shareholder of RIL, here’s what it means:

You Get More Shares: For every share you currently own, you’ll get one more share free of cost. For example, if you own 1,000 shares, after the bonus issue, you will own 2,000 shares.
No Change in Investment Value: Although your number of shares will double, the overall value of your investment remains the same because the share price will adjust accordingly.

Why This Matters

Bonus shares increase the number of shares available in the market, which can boost the stock’s liquidity. This makes it easier for more people to buy and sell RIL shares. Throughout its history, RIL has issued bonus shares five times, with the last three being in a 1:1 ratio, just like this one.

Mark your calendars for October 28, 2024, to take advantage of this exciting opportunity!

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Exciting News: Reliance Industries Announces 1:1 Bonus Share Issue – Record Date Set for October 28, 2024

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