Reliance Industries Limited (RIL) announced on September 5, 2024, that its board has approved the issuance of bonus shares in a 1:1 ratio to eligible shareholders. The company has also authorized an increase in its share capital from ₹15,000 crore to ₹50,000 crore. The record date for the bonus issue will be announced separately. Following the announcement, RIL shares closed at ₹2,987.15 on the BSE, marking a 1.41% decline.
Historically, RIL has issued bonus shares five times, with the most recent being a 1:1 issue in September 2017. The company’s last bonus issue prior to that was a 3:5 ratio in 1983.
In addition, RIL has received approval from the Ministry of Heavy Industries to establish a battery manufacturing facility under the ₹3,620 crore Production Linked Incentives (PLI) scheme. This facility will support up to 10 GW of battery storage, enhancing domestic manufacturing and reducing import dependence.
During RIL’s 47th annual general meeting, Chairman Mukesh Ambani highlighted the company’s commitment to long-term wealth creation for the nation and its focus on technological advancements. Ambani also reported that Reliance added over 1.7 lakh new jobs in the past year, bringing its total workforce to approximately 6.5 lakh, and increased its annual CSR spending by 25%.
