Reliance Industries board approves 1:1 bonus issue for shareholders

The Board of Directors of Reliance Industries Limited has approved a 1:1 bonus issue, providing shareholders with one free share for each share held. Additionally, the company will increase its authorised share capital to Rs 50,000 crore. Bonus shares are expected to be credited by November 1, 2024. As of today, the company’s pre-bonus paid-up capital stands at Rs 6,766.23 crore.