Reliance Industries Ltd (RIL) shares are in focus today as the company is expected to announce the record date for its highly anticipated 1:1 bonus share issue, along with its September quarter results. This marks the company’s sixth bonus issue, and it is the largest-ever in Indian history, having been announced on September 5.
Since its last bonus issue in 2017, the RIL stock has provided an impressive return of 277.89%, rising from ₹725.65 on September 7, 2017 (the ex-date) to ₹2,742.20 as of Friday. Previous bonus issues were declared in 2009, 1997, 1983, and 1980.
In the past month, RIL shares have dropped nearly 7%, although they are up by 6% year-to-date, compared to a 12.60% rise in the BSE Sensex during the same period.
Historically, RIL announced its previous 1:1 bonus share issues in 2009 and 1997. The 1983 bonus shares were offered in a 6:10 ratio, and in 1980, they were issued at a 3:5 ratio. The company also conducted five rights issues, with the last one in May 2020. Notably, Jio Financial Services Ltd was demerged from RIL in July 2023.
As of 9:57 am, RIL shares were trading 0.49% higher at ₹2,757.60 on the NSE, reflecting positive sentiment ahead of the announcements.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
