Reliance Industries Announces Bonus Share Issue: What Investors Need to Know

Shares of Mukesh Ambani's Reliance Industries (RIL) are likely to attract interest next week because the company is giving away bonus shares.

These are extra shares for current shareholders before Diwali. To get these bonus shares, investors need to own the stock before the special date, called the ex-date.

This will be RIL's third time giving bonus shares.

Earlier this year, in August, the company paid a dividend of ₹10 for each share.

RIL Share Price Overview

As of October 25, RIL shares went down by 2.29% in the last week.

This is similar to the Sensex, which also dropped by 2.24%. Over the past month, the share price fell by 11.11%.

However, in the last year, the stock has gone up by 17.60%.

Right now, RIL shares are 20% lower than their highest price. In the last five years, the stock has increased by 102.91%.

Q2 FY2024-25 Results

In the second quarter of 2024-25, Reliance Industries (RIL) reported a 5% decrease in net profit. The net profit was ₹16,563 crore. This was higher than the expected profit of ₹15,716 crore.

The company’s revenue grew by 0.2% compared to last year. It reached ₹2.35 lakh crore. This growth was mainly due to strong performance in its digital and upstream businesses..

Bonus Share Issue

RIL's Board has approved giving bonus shares at a 1:1 ratio. This means that shareholders will get one extra share for every share they own.

Record Date

The record date for these bonus shares is October 28.