Reliance Industries Ltd. (RIL) is expected to declare the record date for its much-anticipated 1:1 bonus share issue today, coinciding with the release of its Q2 FY25 results. This highly awaited bonus issue, approved during the company’s annual general meeting on August 29, 2024, is set to be the largest in Indian stock market history, marking a significant event for shareholders.
Key details of the bonus issue:
- Bonus Ratio: 1:1, where shareholders will receive one additional share for every share held.
- Announcement Date: Officially announced on September 5, 2024.
- Historical Context: Reliance has a strong legacy of bonus issues, with previous occurrences in 1980, 1983, 1997, 2009, and 2017. Given that the record date typically follows 40-50 days after the announcement, it is anticipated that the record date will be set after October 20, 2024.
This bonus issue marks another milestone for RIL, continuing its tradition of rewarding shareholders while maintaining its market leadership.
