RIL Board Approves 1:1 Bonus Share Issue, Largest in Indian Market

Reliance Industries Limited (RIL) has announced that its Board of Directors has approved a 1:1 bonus share issue. This means that for every shareholder holding one fully paid-up share of Rs. 10, they will receive one additional fully paid-up share of Rs. 10. The record date for this bonus issue will be shared separately.

This is the largest bonus share issue ever in the Indian stock market and comes just in time for the festive season, being seen as an early Diwali gift for RIL’s shareholders. 

This marks the sixth bonus share issue by RIL since its IPO, and the second during its "Golden Decade" from 2017 to 2027. Shareholders have already seen their investments grow by 2.5 times in this period.

Additionally, the recent demerger of Jio Financial Services Limited in July 2023 has added further value for shareholders, with its valuation now 35% higher than at the time of its listing.