On August 29, 2024, Varun Dubey, Principal News Analyst at ET Now, shared that Reliance Industries is set to hold a board meeting on September 5, 2024 to consider the Reliance bonus issue. The agenda is to consider and recommend issuing bonus shares in a 1:1 ratio. Sajeet Kesav Manghat, Executive Editor of NDTV Profit India, also noted that Mukesh Ambani continues his philosophy of rewarding shareholders every time the capex cycle is completed. According to RIL in a stock exchange filing on August 29, “A meeting of the Board of Directors of the Company is scheduled to be held on Thursday, September 5, 2024, to consider and recommend to the shareholders for their approval, issue of bonus shares in the ratio of 1:1 to the Equity Shareholders of the Company by capitalisation of reserves." CCI Approves INR 70,000 Crore Mega-Deal Involving Merger of Media Assets of Reliance Industries Limited and Walt Disney.
Reliance Industries Board Meeting on September 5, 2024
Reliance Industries
Board Meeting on 5th September to consider bonus issue#RelianceIndustries pic.twitter.com/ZUx1nlvBX4
— Varun Dubey (@VarunDubey85) August 29, 2024
RIL Board to Approve 1:1 Bonus on September 5, 2024
RIL board to meet on Sept. 5 to approve 1:1 bonus. For the longest time Mukesh Ambani followed the philosophy of rewarding shareholders everytime capex cycle is completed. This is a mid cycle reward.
It could mean the current cycle is extended and shareholders anxiety in play.
— Sajeet Kesav Manghat (@sajeetkm) August 29, 2024
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