Shares of Reliance Industries Limited (RIL) rose by 1.1% to Rs 2,738.70 during intraday trading on October 17, 2024, after the company announced a record date of October 28 for a 1:1 bonus share issue.
The bonus share resolution received overwhelming support from shareholders, with 99.92% voting in favor. Additionally, RIL's authorized share capital will increase, gaining 98.96% approval. Historically, RIL has issued bonus shares five times, with the last three occurrences in 1997, 2009, and 2017, each at a 1:1 ratio.