 "Reliance Industries CMD Mukesh Ambani speaking during the AGM on Friday in Mumbai")
Oil to telecom conglomerate Reliance Industries (RIL) announced a bonus share issue, a demand shareholders have been making repeatedly at annual general meetings (AGMs).
"I had committed last year that we would reward shareholders at the completion of our investments," Mukesh Ambani, chairman and managing director, said as he announced the board's recommendation for one bonus share for every one held by shareholders, at the 40th AGM in Mumbai on Friday.
Investments made in recent years, he added, would begin generating revenue in the coming months.
Ambani also shared a road map of RIL's growth targets for the next decade. "Reliance@50 will aspire
