RIL board approves 1:1 bonus share issuance after 7 years | India Business News – Times of India

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September 6, 2024

NEW DELHI: RIL on Thursday said its board has approved the issue of one free share for every share held in the country’s largest ever issuance of bonus equity shares. The 1:1 bonus issue will be the first by India’s most valuable company in seven years. The board also recommended an increase in authorised share capital to Rs 50,000 crore from Rs 15,000 crore, the company said in a statement.This will be the oil-to-telecom-and-retail conglomerate’s sixth bonus issue since listing. Agencies

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RIL board approves 1:1 bonus share issuance after 7 years | India Business News – Times of India

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