look news india
The country's most valuable company Reliance Industries (RIL) will consider issuing bonus shares in 1:1 ratio on September 5. The company has made this announcement in view of the business scope and strong financial performance. Mukesh Ambani has given this information in the Reliance AGM.
Bonus Shares
A big announcement has been made in the 47th Annual General Meeting (Reliance AGM) of Reliance Industries, the country's most valuable company led by Mukesh Ambani. It started with the address of Mukesh Ambani at 2 pm. As soon as the AGM started, the shares of Reliance Industries jumped sharply and climbed more than 2 percent. Mukesh Ambani has announced bonus shares. He said that shareholders will be given one share bonus in exchange for 1 share. However, a board meeting will be held on September 5 in which approval will be taken for issuing bonus shares. After the announcement of bonus shares by Mukesh Ambani, the shares of Reliance Industries were trading at Rs 3,050.65 with a gain of about 2 percent. In one year, the shares of Reliance Industries have given a return of 26 percent.
When did the company give bonus shares
? Reliance Industries has not split the face value of its shares since January 1, 2000. The company has issued bonus shares twice since November 26, 2009. Now bonus shares have been announced once again. The company has given bonus shares with a 1:1 ratio every time. The company last announced the issuance of bonus shares with an ex-date of September 7, 2017.
Reliance created millions of jobs
Mukesh Ambani said at the AGM that Reliance is working on new incentive-based engagement models on the employment front. The company has created 1.7 lakh new jobs last year. In this regard, his company spent $437 million on research and development in FY 2024. Jio Financial Services is committed to creating great value for society.
Mukesh Ambani, while addressing the Reliance AGM, said that India is growing rapidly. The IMF estimates that in 2027 it will become the third largest economy in the world, surpassing Germany and Japan.
