The Board of Directors of Reliance Industries Limited (RIL) has approved a 1:1 bonus issue, whereby each shareholder holding one fully paid-up equity share of Rs. 10 each will receive an additional fully paid-up equity share of Rs. 10 each.
The record date for this issuance will be announced separately. This marks the largest bonus share issuance in the history of the Indian equity market. Scheduled to coincide with the festive season in India, the bonus issue will serve as an early Diwali gift to our esteemed shareholders.
This announcement is RIL’s sixth bonus issue since its IPO and the second during this Golden Decade (2017-2027), reflecting the company’s ongoing commitment to rewarding shareholders. Noteworthy past actions include the 2017 bonus issue, a Rights Issue in 2020 that resulted in a 2.5-fold increase in shareholder investment, and the July 2023 demerger of Jio Financial Services Limited, which is now valued 35% higher than its listing price.