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 the company’s board meeting on September 5, according to a stock exchange filing on August 29. 

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

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

(This is a developing story)