Reliance Industries Limited (RIL) has secured shareholder approval for a bonus share issuance and an increase in authorized share capital following a successful e-voting process. The resolution was passed on October 15, 2024, with the record date set for October 28, 2024.
The company’s authorized share capital will be increased to ₹50,000 crore, consisting of 4,900 crore equity shares and 100 crore preference shares of ₹10 each. This move is part of RIL’s strategy to align its capital structure for future growth and expansion, with strong investor support reflected in the voting results.
The bonus share issuance reaffirms Reliance’s commitment to enhancing shareholder value and maintaining a strong financial position to capitalize on future opportunities.
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