Bonus Issue: Reliance Industries share price remains in focus on Monday, October 28 as today is the record date for the bonus issue of shares in the ratio of 1:1.
Reliance Industries shares went ex-date for a 1:1 bonus issue today, which also marks the record date for determining shareholder eligibility for the bonus. To be eligible for Reliance Industries's 1:1 bonus shares, retail investors were supposed to buy shares of the company before the end of the market day on Friday, October 25.
The bonus issue of 1:1 means that shareholders of Reliance Industries will be issued one bonus equity share of the company of a face value of ₹10 for every share held by them. In other words, the shareholders will see their shareholding double without any additional investment.
The company releases dated September 5 and October 16 informed about the approval by the members for the issue of bonus shares in the ratio of 1:1. Reliance Industries had said that it has fixed Monday, October 28 as the record date for the purpose of determining the equity shareholders of the company eligible for bonus equity shares.
On Friday, Reliance Industries stock, which has the highest market capitalisation on Dalal Street, ended the day at ₹2,655.45 a share. The market capitalisation of Reliance Industries stood at ₹17.97 crore.
In the last one month, Reliance Industries share price has declined almost 10% with the Indian equity markets remaining under pressure on geopolitical concerns and selling by foreign portfolio investors (FPIs).
On October 14, Reliance Industries also declared its financial performance for the quarter ended September 2024. A weaker oil-to-chemicals (O2C) segment led the oil-to-telecom giant to report subdued growth in the second quarter of FY25.
The most valued firm in India posted a combined profit of ₹16,563 crore, a 4.7% decrease from the same time the previous year. At ₹2,35,481 crore, the quarter's total operating revenue remained flat.
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