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Reliance Industries Eyes 1:1 Bonus Issue

The main focus of this meeting will be the proposal to issue 1:1 bonus shares to shareholders.

Reliance Industries has a varied business portfolio.

Reliance Industries Eyes 1:1 Bonus Issue
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30 Aug 2024 7:03 PM IST

Reliance Industries has notified its shareholders about the forthcoming annual general meeting scheduled for September 5, 2024.

The main focus of this meeting will be the proposal to issue 1:1 bonus shares to shareholders.

Reliance Industries has a varied business portfolio that encompasses areas such as petroleum refining, digital services, petrochemicals, renewable energy, and retail.

The company has previously announced a 1:1 bonus three times, and in 1983, it issued a 3:5 bonus.

The latest bonus announcement was made in 2017. After the news of the 1:1 bonus shares, Reliance Industries' stock prices rose by over 2.5% during the trading session.

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