Reliance Industries' Board approves 1:1 bonus share issue for the first time since 2017.
Reliance Industries' Board has approved a 1:1 bonus share issue, the first since 2017, where shareholders will receive one new fully paid share for each existing share. The board also proposed increasing the authorized share capital from Rs 15,000 crore to Rs 50,000 crore and plans to forfeit partly paid shares if dues are not settled by September 20, 2024. Shareholder approval for these changes will be sought via postal ballot.
September 05, 2024
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