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RIL issues bonus share after 12 years

The 1:1 bonus share, said RIL Chairman and Managing Director Mukesh Ambani is the country’s largest bonus issue.

business Updated: Jul 21, 2017 15:46 IST
RIL,bonus share,Mukesh Ambani
Reliance Industries chairman Mukesh Ambani.(PTI)

Reliance Industries Ltd today 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 12 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.

First Published: Jul 21, 2017 15:46 IST