Reliance says board to consider 1:1 bonus issue on Sept 5

3 weeks ago 8

Reliance Industries Ltd will host its 47th annual general meeting (AGM) on Thursday (August 29) read more

1 bonus issue on Sept 5

Reliance Industries Limited will host annual general meeting on August 29, 2024 (Photo: Reuters)

The Reliance Industries Limited (RIL) has said that the board will consider 1:1 bonus issue on September 5.

#BreakingNews | Reliance Industry to consider 1:1 bonus issue on September 5 pic.twitter.com/5s6k6SVru5

— CNBC-TV18 (@CNBCTV18Live) August 29, 2024

The announcement comes as the RIL seeks to reward shareholders amid strong financial performance and business expansion.

The announcement also comes ahead of the RIL’s 47th annual general meeting (AGM) on Thursday (August 29).

The move is set to improve the liquidity of RIL’s shares in the stock market, making them accessible to a wider base of investors, according to Moneycontrol.

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