Reliance Industries will consider 1:1 bonus share at upcoming board meeting

Reliance bonus share: Reliance Industries will consider a 1:1 bonus share at company’s board meeting on September 5, according to a stock exchange filing on August 29. 

Mukesh Ambani-led company plans to reward shareholders as it expands its operations into different verticals. 

“We wish to inform you that pursuant to Regulation 29 and or applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), a meeting of Board of Directors of Company is scheduled to be held on Thursday, September 5, 2024 to consider and recommend to shareholders for ir approval, issue of bonus shares in ratio of 1:1 to Equity Shareholders of Company by capitalisation of reserves,” company wrote in exchange filing. 

(This is a developing story)