Mukesh Ambani biggest Diwali gift to 3700000 shareholders, stock dividend to be credited on…

Reliance News: What can be termed as a piece of good news for Mukesh Ambani, the shares of Reliance Industries Limited (RIL) surged by 1.1 percent to Rs 2,738.70 in intraday trading following the announcement of October 28, 2024, as the record date for determining shareholders eligible for the issuance of 1:1 bonus shares. The stock ended the session at Rs 2713.45, a gain of 0.20 per cent from the previous close.

On Wednesday, the company received approval for the bonus issue from shareholders, with an overwhelming 99.92 percent of votes cast in favor of the resolution and only 0.07 percent against it. Reliance Industries Limited (RIL) also announced that shareholders have approved an increase in the company’s authorized share capital. The resolution received strong backing, with 98.96 percent voting in favor and 1.04 percent opposing it.

The RIL, historically, issued bonus shares five times, starting with a 3:5 bonus issue in 1980 and a 6:10 issue in 1983. To recall, the last three bonus issues occurred in 1997, 2009, and 2017, each at a 1:1 ratio.