The board of Reliance Industries will meet today, September 5, to consider and approve the issuance of bonus shares to shareholders in the ratio of 1:1. The 1:1 ratio means that eligible shareholders will get one share of Reliance Industries for one. This will be the sixth time after 1980, 1983, 1997, 2009 and 2017 that the company will issue bonus shares to its shareholders. The record date for the bonus issue has not been fixed yet. Reliance had announced the meeting ahead of its AGM on August 29. Bonus is given to reduce share price Companies mainly issue bonus shares to make their stock more accessible to retail investors, especially when the share price rises significantly. Reliance shares have gained 17% so far in 2024 and are trading above the ₹ 3,000 mark. Reliance share increased by 24.55% in one year The company's stock is down by about half a percent today. It is trading at Rs 3020. Reliance share has risen by 24.55% in one year. At the same time, the stock has remained almost flat in the last 6 months. The stock has gained about 5% in a month. Reliance AGM – Announcement of giving 100GB free-storage to Jio users Reliance Industries Limited (RIL) announced the Jio AI Cloud Welcome Offer in its 47th Annual General Meeting on 29 August. Company Chairman Mukesh Ambani had said that in this Jio users will get up to 100 GB of free cloud storage. Important points related to Annual General Meeting: Profit of Rs 15,138 crore in the first quarter of FY 2024-25 A month ago, Reliance Industries released the results for the April-June quarter. The company has made a profit of Rs 15,138 crore in this quarter. Profit has decreased by 5.45% on an annual basis. In the same quarter a year ago, the profit was Rs 16,011 crore. Whereas, in the April-June quarter, the company's income (revenue) was Rs 2,36,217 crore. In the same quarter a year ago, the company had generated a revenue of Rs 2,10,831 crore. That is, on an annual basis, it has registered an increase of 12.04%.
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Reliance meeting today to give bonus shares: Shareholders will get one share of the company in exchange for one, stock increased by 24.55% in one year
