New Delhi: The Reliance Industries Ltd shares were in focus on Thursday after it was announced that the company’s board will consider issuing 1:1 bonus shares on September 5. RIL share price jumped nearly 3 per cent during the late afternoon trade following the announcement.
The shares of the most valued company by market capitalisation appreciated 2.63 per cent to Rs 3,074.80 on the BSE as soon as the 1:1 bonus shares announcement came in. At the NSE, the large cap stock climbed 2.58 per cent to Rs 3,074.
The market valuation of Reliance Industries increased Rs 42,399.24 crore to Rs 20,60,461.42 crore. In September 2027, Mukesh Ambani-led Reliance Industries had issued bonus shares. India’s most valuable company had in 2009 issued 1:1 bonus share.
“A meeting of the Board of Directors of the company is scheduled to be held on Thursday, 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 equity shareholders of the company by capitalization of reserves,” the firm said in the stock exchange filing.
Reliance Industries shares climbed nearly 3 per cent on August 29, 2024 afternoon. The company’s market valuation jumped by Rs 42,399 crore. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
