Key Points
- Reliance Industries’ shares increased by 3% after the bonus issue announcement.
- The bonus issue is set at a 1:1 ratio, meaning shareholders will get one extra share for each one they own.
- Shares hit Rs 3,074.80 on the BSE, up 18% this year.
- The announcement was made just before the company’s 47th Annual General Meeting.
Looma News
Reliance Industries saw its stock price rise by 3% to Rs 3,074.80 after news of a possible bonus share issue. The board will talk about this on September 5, and if it goes through, shareholders will get one extra share for every share they already have. This is expected to boost shareholder value and adds to the stock’s impressive 18% gain this year.
This update comes just before Reliance’s 47th Annual General Meeting, sparking excitement among investors. The bonus issue is seen as a great move, showing the company’s strong performance and its dedication to rewarding its shareholders.
