ril bonus share record date: Eligibility, Process, and Details

The RIL bonus share record date is a crucial deadline for Reliance Industries Limited shareholders to be eligible for the bonus shares.

Shareholders who are registered in the company's books on the record date will receive the bonus shares.

To be eligible, you must have your name in the company's shareholder register by the record date.

The record date is usually announced by the company in advance, giving shareholders ample time to update their records if needed.

Reliance Industries has announced October 28, 2024, as the record date for determining shareholders eligible for its 1:1 bonus issue.

Shareholders holding shares of the company as of this date will receive one additional share for each share held.

The announcement of the bonus share issue is likely to impact the Reliance Industries share price, as bonus shares often lead to increased trading activity.

Investors aim to acquire shares before the record date to benefit from the bonus issue, which could influence the stock's liquidity and valuation.

The increase in authorized share capital suggests that the company is preparing for future growth and expansion, which may attract investor attention.

The market will closely watch how the Reliance Industries share price reacts as the record date approaches.

Reliance Industries has received approval from its shareholders to increase its authorised share capital. This significant step was taken with a strong 98.96% vote in favour, indicating the company's confidence in its future growth and expansion plans.

The increased authorised share capital now stands at Rs 50,000 crore, comprising 4,900 crore equity shares of Rs 10 each and 100 crore preference shares of Rs 10 each. This substantial increase in share capital will provide the company with a solid foundation to pursue its ambitious growth strategies.

The company's decision to increase its authorised share capital is a strategic move to prepare for future growth and expansion. This will not only help Reliance Industries to raise more capital but also attract more investors, potentially driving the stock price higher over time.