RIL Set to Announce Bonus Shares on October 14: What Investors Need to Know
RIL's Board of Directors will meet on October 14, 2024. They will discuss how the company did over the past three months.
Some experts believe that even if investors aren't very excited now, having more shares could be helpful later.
Reliance Industries Limited (RIL) is in the news for giving bonus shares to its investors.
For every share a person owns, they will receive one extra share.
This is a special Diwali gift for shareholders, just in time for the festive season in India.
Upcoming Meeting and Record Date
RIL's Board of Directors will meet on October 14, 2024. They will discuss how the company did over the past three months.
During this meeting, they will also announce when shareholders can expect to receive their bonus shares.
Usually, it takes about 40 to 50 days from the announcement to the record date. This means the record date might be set for late October or early November.
Why This Matters for Shareholders
This will be the sixth time RIL has given out bonus shares since it started selling shares to the public. The company wants to reward its shareholders during what it calls the “Golden Decade” from 2017 to 2027. When they give out these bonus shares, the total amount of money invested in RIL will double from about ₹6,766.23 crore to ₹13,532.46 crore.
Market Reactions and Future Outlook
Since the announcement on September 5, 2024, RIL’s stock price has gone up and down.
It recently closed at ₹2,929.85. Some experts believe that even if investors aren't very excited now, having more shares could be helpful later.
Investors are excited about the bonus shares and the chance to earn more money as RIL grows.
In short, RIL’s bonus share plan is a great opportunity for shareholders.
It comes at a perfect time for the festive season and shows the company’s plans to grow.
Investors should look for updates after the Board meeting on October 14.
