Reliance Industries delights shareholder on 40th Annivesary with 1:1 bonus shares issue after 12 years

Updated On : 21 Jul , 2017 , 02:52 PM
Reliance Industries - File Photo
Reliance Industries - File Photo
New Delhi:

Reliance Industries Limited on Thursday brought a smile on the faces of millions of its shareholders after announcing a bonus share issue, the first by the corporate entity in 12 years.

There was a double delight for the shareholders as the diversified conglomerate announced a dividend of Rs 13 a share. Announcing the 1:1 bonus share, RIL Chairman and Managing Director Mukesh Ambani said this is the country's largest bonus issue.

The last time India's largest private sector company gave bonus shares to its shareholders was 12 years ago. As many as 39 companies have this year announced bonus shares. Indian Oil Corp (IOC) had announced a 1:1 bonus issue last month. 

First Published : Friday, July 21, 2017 02:36 PM

POPULAR TAGS:

Download the News Nation Mobile App and stay connected with top stories from India and around the world. Available on Android and iOS.