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Diwali bang: Reliance Ind offers 1:1 bonus, interim of Rs 13

Reliance Industries Ltd announced a 1:1 bonus share issue, the first time in 12 years.

According to a proposal approved by the RIL board on Wednesday, all shareholders will get one free share for every share held by them.

Around 35 lakh shareholders will benefit from this so called ‘Diwali bonus’. The last bonus issue (also 1:1) by RIL was in 1997.

The RIL board also proposed an interim dividend of Rs 13 per share for 2008-09. The dividend will entail an outgo of Rs 2,219 crore, including Rs 322 crore in taxes, said a senior company official. The board also approved the audited results of RIL for the year ended March 31, 2009.
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TSR.ARIJIT said…
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October 8, 2009 at 1:19 AM
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