Reliance Industries (RIL) has set October 28, 2024, as the record date for its 1:1 bonus share issue, approved by shareholders. On Wednesday, RIL shares closed at Rs 2,709.40, with a 52-week range of Rs 3,

The issue of bonus shares was approved by majority of the shareholders of Reliance Industries through an e-voting process on Wednesday, October 16.

Since its last bonus shares in 2017, the RIL scrip has delivered 273 per cent return and stood at Rs 2,709.40 on Wednesday against Rs 725.65 on September, 7, 2017, the ex-date.

Reliance Industries (RIL) has set the record date for its 1:1 bonus share issue. Post-issue, RIL's authorized share capital will rise to Rs 50,000 crore. Shareholders will see their shares double, enhancing stock liquidity without changing the total investment value.

Calling it an "early Diwali gift", RIL approved a 1:1 bonus share issue in September. This will be the sixth bonus issuance of the oil-to-telecom major after 1980, 1983, 1997, 2009 and 2017.

Reliance Industries received shareholders' approval for 1:1 bonus share and increased authorized share capital. The total percentage of votes cast in favor of the bonus issue resolution was 99.92% with just 0.

Reliance Industries had earlier in September this year had announced a bonus issue in the ratio 1:1. Though the company has already fixed the credit date for the aforesaid issue, the record date is yet to be announced.