Reliance Industries Chairman Mukesh Ambani to hand over extra shares today
Shared bonus: Asia’s top businessman and Reliance Industries Chairman Mukesh Ambani will give Diwali gifts to 37 lakh people today. In fact, Reliance Industries Chairman Mukesh Ambani will again grant extra shares after 7 years. He has set the record date as today, that is, October 28. Mukesh Ambani had said in the Annual General Meeting held this year that Reliance Industries will give one extra share per share to eligible investors. Let us know who will receive these bonus shares…
Today is a record date
Reliance Industries had told the stock market that shareholders of Reliance Industries will receive a bonus for each share. To decide eligibility, the company had declared Monday, October 28, 2024 as the registration date. That means that only those investors whose name will be on the company’s record book will get one free share for each share. In such a situation, if you also own Reliance Industries shares, then this news is no less than good news for you. Because by obtaining bonus shares the amount of your investment will double.
Bonus shares awarded even 7 years ago
Mukesh Ambani’s Reliance Industries had also given away extra shares to shareholders 7 years ago. According to information available on BSE, the company had given free shares in 2017. Even then, Reliance Industries had given one share as bonus for each share. Also in 2009, Reliance Industries had given a share bonus for each share.
What is the status of the shares?
Talking about the status of Reliance shares, the company’s shares closed at Rs 2,656.30 on the last trading day of last week. Talking about the stock performance, HDFC Securities has set a target price of Rs 3,350 on RIL with its ADD rating. Nomura has set a target of Rs 3,450 for RIL and has also given it a buy rating.
