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Reliance Industries to turn ex-bonus on Thursday; stock extends gains

The stock was up 1% at Rs 1,650, extending its 6.6% surge in past five trading sessions on BSE

SI Reporter  |  Mumbai 

RIL
RIL on Friday announced 1:1 bonus, meaning every shareholder of the company will get one free share for every one share held

(RIL) was up 1% at Rs 1,650, extending its 6.6% surge in past five trading sessions on BSE, after the company fixed September 9 as the for 1:1 bonus issue. The stock will turn ex-bonus tomorrow on September 7.

The stock outperformed the market by gaining 7.7% from Rs 1,532 on August 28, as compared to 1% rise in the S&P BSE Sensex.

“The Company has fixed Saturday, September 9, 2017 as the 'Record Date' for the purpose of determining members eligible for bonus equity shares of the Company,” said in a regulatory filing on August 30, 2017.

On July 21, 2017, the board of directors of had recommended issue of to the by capitalisation of its reserves in the ratio of 1:1, i.e. 1 (one) bonus equity share of Rs 10 each fully paid-up for every 1 (one) existing equity share held by the members as on a

The stock hit an intra-day high of Rs 1,652, close to its record high of Rs 1,665 touched on August 3, 2017 in intra-day trade. The counter has seen huge trading activity with a combined 6.91 million shares changed hands till 01:28 pm. On an average nearly 3.9 million shares were traded in past two weeks on BSE and NSE.

First Published: Wed, September 06 2017. 13:37 IST
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