Reliance Industries to Consider 1:1 Bonus Shares

Reliance Industries Ltd., led by Mukesh Ambani, will consider issuing 1:1 bonus shares during a board meeting on September 5, 2024. This move aims to reward shareholders amid the company's strong financial performance and ongoing diversification into consumer-facing and green energy sectors. The proposed bonus issue will double the number of outstanding shares, potentially enhancing liquidity and attracting new investors. Reliance has a history of such bonus issues, with the last one announced in 2017. Shares of the company have already jumped over 2% following the announcement. Ambani emphasized the company's philosophy of rewarding shareholders as a driver for further value creation and growth.