look news india
Today, on Thursday, as soon as the Annual General Meeting (AGM) of Reliance Industries started, Mukesh Ambani has given a big gift to the 35 lakh shareholders of the company. He has announced to give bonus shares to all the shareholders on September 5. Along with this, a big jump was also seen in the share price of the company.
Reliance Industries is currently the most valuable company in the country. The company's market capital is more than Rs 20 lakh crore. The company operates in sectors ranging from petrochemicals, energy to retail, telecommunications and new energy.
Bonus shares will be available on September 5
In the AGM of Reliance, Mukesh Ambani has announced to give bonus shares to the shareholders of the company in the ratio of 1:1. This means that every shareholder will get one bonus share for every share. Due to this, the share price of Reliance Industries will be split once again after September 5.
Reliance Industries has not distributed the face value of its shares since January 2000. Instead, the company has adopted the path of giving bonus shares. The company had earlier announced bonus shares in the ratio of 1:1 on 26 November 2009. After this, bonus shares were also announced on 7 September 2017.
Reliance share price jumps
Immediately after the announcement of bonus shares by Mukesh Ambani, the company's share price has seen a huge increase. Before the start of the AGM, at 1.30 pm, the company's share price was trading at Rs 3007 and at 2 pm Reliance's AGM started, after which the company's share price started increasing. After the announcement of bonus shares, the company's share price increased to Rs. It touched a high of 3,074.80 intra-day. That is, the stock registered a gain of about 2 percent. However, now the company's stock is once again witnessing a decline. Currently, by 2.45 pm, its price has come down to Rs 3024.