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Rediff.com  » Business » RIL issues bonus share after 8 years

RIL issues bonus share after 8 years

Last updated on: July 21, 2017 17:55 IST

According to Mukesh Ambani, this is the country's largest bonus issue.

Reliance Industries Ltd on Friday announced one bonus share for every share held - the first such issue after 12 years, and 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 8 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.

Photograph: Shailesh Andrade/Reuters

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