Mukesh Ambani's Reliance Industries 1:1 Bonus Share Issue Record Date Tomorrow

Mukesh Ambani's Reliance Industries 1:1 Bonus Share Issue Record Date Tomorrow - All You Need To Know

Reliance Industries (RIL), India’s largest company, will be in the spotlight next week as it gears up for its highly anticipated bonus share issue. The record date for this bonus issue is set for October 28, just a day before Dhanteras. The shares are in focus on Monday because of the same reason.

New Delhi: Reliance Industries Limited (RIL), led by Mukesh Ambani, announced a 1:1 bonus share issue, calling it an "early Diwali gift" for its shareholders in the Annual General Meeting 2024. The company had approved the bonus issue in September, and the record date to determine eligible shareholders is set for October 28, 2024. Reliance Industries Share Price: Record DateShareholders who hold RIL shares in their demat accounts before October 28 will receive one additional share for each share they own.

“The company has fixed Monday, October 28, 2024, as the record date to determine shareholders eligible for the bonus equity shares,” RIL confirmed in a filing to the stock exchanges. Reliance Industries: Bonus IssueThis bonus issue is the largest-ever issuance of bonus equity shares in the Indian equity market. "The issuance and listing of bonus shares coincide with the festive season and serve as an early Diwali gift to our valued shareholders," the company mentioned in its exchange filing.

This will mark RIL’s sixth bonus issue since its IPO and the second bonus issue in the current decade. Reliance Industries Q2 Results: Net ProfitIn financial results for the July-September 2024 quarter, Reliance Industries reported a 5 per cent drop in net profit to Rs 16,563 crore, down from Rs 17,394 crore in the same period last year. Reliance Industries Q2 Earnings: Revenue From OperationsHowever, revenue from operations showed a slight increase of 0.

2 per cent year-on-year (YoY) to Rs 2.35 lakh crore. Reliance Industries Q2 Results: Total IncomeReliance Industries (RIL) reported a 0.

65 per cent increase in total income, which rose to Rs 2,40,357 crore in the July-September 2024 quarter, compared to Rs 2,38,797 crore in the same period last year. Reliance Industries Q2 Earnings: EBITDAReliance Industries (RIL) posted consolidated EBITDA of Rs 43,934 crore for the second quarter of FY25, a 2 per cent decline year-on-year. The EBITDA margin narrowed to 17 per cent from 17.

5 per cent in the corresponding period last year. Reliance Industries Q2 Earnings: Outstanding DebtMeanwhile, the company’s outstanding debt rose to Rs 3,36,337 crore by the end of the quarter, compared to Rs 2,95,687 crore in Q2FY24. Get Latest News Live on Times Now along with Breaking News and Top Headlines from Companies, Business Economy and around the world.

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