latest mega-event in the city turned out to be the 23rd AGM of

RIL and the board meeting to consider the bonus issue. While the

markets cheered the 1:1 bonus with the Reliance stock touching

new 52-week highs at the bourses on that day, the excitement for

shareholders at the Biria Matushii Hall in Mumbai was not any

less. Several shareholders complimented the RIL chairman

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Dhirubhai Ambani for a liberal bonus, several references were

made to the 14-year exile'which shareholders suffered as the

previous bonus announced by RIL was iin September 1983. Dhirubhai

Ambani was defined as thekalyug ka Rama'with the 14-year exile

now complete. It was just another day of triuoiph for the Ambani.

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First Published: Jun 30 1997 | 12:00 AM IST

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