Mumbai: board of the directors of Reliance Industries Limited (RIL) approved the 1:1 ratio on Thursday. bonus issue to its shareholders. Shareholders One free share will be given in exchange for every share.
The record date for determining eligibility to receive bonus shares will be announced separately.
According to RIL, these decisions were taken in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), with an aim to enhance shareholder value.
The RIL board also approved the proposal for the hike. authorized share capital The company's total turnover has grown from Rs 15,000 crore to Rs 50,000 crore. This growth will help the company issue bonus shares and prepare itself for future expansion.
Bonus shares will be issued by capitalising on the securities premium account, general reserves or retained earnings of the company.
As of today, the pre-bonus paid-up capital of the company stands at Rs 6,766.23 crore, which includes 676.62 crore equity shares of Rs 10 each, including partly paid-up shares.
After the bonus issue, the paid-up capital will double to Rs 13,532.46 crore, comprising 1,353.24 crore equity shares.
The company estimates that Rs 6,766.23 crore will be required to execute the bonus issue, and the final amount will be based on the paid-up capital on the record date.
The company's latest audited financial statements as of March 31, 2024 show a solid reserve base. The securities premium account has Rs 99,802 crore, while the general reserve is Rs 2,56,549 crore, and retained earnings are Rs 1,03,213 crore.
The bonus shares are expected to be credited or sent to eligible shareholders by November 1, 2024. This timeline provides clarity to shareholders, who can expect an increase in their holdings in the near future.
The record date for determining eligibility to receive bonus shares will be announced separately.
According to RIL, these decisions were taken in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), with an aim to enhance shareholder value.
The RIL board also approved the proposal for the hike. authorized share capital The company's total turnover has grown from Rs 15,000 crore to Rs 50,000 crore. This growth will help the company issue bonus shares and prepare itself for future expansion.
Bonus shares will be issued by capitalising on the securities premium account, general reserves or retained earnings of the company.
As of today, the pre-bonus paid-up capital of the company stands at Rs 6,766.23 crore, which includes 676.62 crore equity shares of Rs 10 each, including partly paid-up shares.
After the bonus issue, the paid-up capital will double to Rs 13,532.46 crore, comprising 1,353.24 crore equity shares.
The company estimates that Rs 6,766.23 crore will be required to execute the bonus issue, and the final amount will be based on the paid-up capital on the record date.
The company's latest audited financial statements as of March 31, 2024 show a solid reserve base. The securities premium account has Rs 99,802 crore, while the general reserve is Rs 2,56,549 crore, and retained earnings are Rs 1,03,213 crore.
The bonus shares are expected to be credited or sent to eligible shareholders by November 1, 2024. This timeline provides clarity to shareholders, who can expect an increase in their holdings in the near future.