There are wide-spread rumours in the market today that Reliance Industries is considering a Bonus Issue in its upcoming AGM. Reliance Industries shares closed today nearly 8% up based on the Reliance bonus news.
Market sources and investors are in a view that the shareholders of the Reliance Industries this time will be rewarded with an Bonus issue.
The exact date of the AGM is not yet known but sources are speculating it as 12th October. If the company decides to go with the Bonus issue than the exact ratio of bonus issue and the record date of Reliance bonus issue will be available on the same day.
Bonus issue of Reliance Industries can be very rewarding as the stock could easily scale new heights daily if the bonus news of Reliance is right.Hope the company goes with the issue.
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