ALSO READReliance Industries to turn ex-bonus on Thursday; stock extends gains Mukesh Ambani surprises RIL shareholders with 1-for-1 bonus share RIL up 4% on 1:1 bonus issue; Nifty ends above 9,900, but flat for the week RIL's past bonus issues fail to lift sentiment Reliance Industries hits over 9-year high; stock up 41% in 2017
On July 21, 2017, the board of directors of RIL had recommended issue of bonus shares to shareholders of the company 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 record date.
“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,” RIL said in a regulatory filing on August 30, 2017.
So far in 2017, the stock has outperformed the market by surging 54% from Rs 540 on December 30, 2016. On comparison, the S&P BSE Sensex was up 19% during the same period.
At 9:33 am, the stock was trading 0.20% higher at Rs 824, against 0.3% rise in the benchmark index. A combined 2.23 million shares changed hands on the counter on BSE and NSE so far.