Reliance Industries to issue 1:1 bonus shares on October 28, doubling shareholders' holdings.
Reliance Industries Ltd (RIL) is set to issue a 1:1 bonus share, with the record date on October 28. Shareholders will receive one bonus share for each share held, effectively doubling their holdings. RIL shares fell approximately 10% over the past month due to market pressures, but the stock's adjusted price increased by 0.77% after the bonus announcement. Despite current challenges, RIL's focus on Jio and green energy suggests potential growth ahead.
October 28, 2024
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