00:00Reliance Industries has finally given a bonus share to its shareholders on September 5.
00:07The board meeting of Reliance Industries has ended.
00:10According to the valuation in the Indian market, the board of the largest company has approved the bonus share.
00:16However, the company gave the bonus share update to the market on the 47th anniversary.
00:22And what are some details, how will you benefit from it, let's know in the video.
00:26In fact, in the board meeting today, on September 5, 2024, a bonus issue has been approved on the ratio of 1 is to 1.
00:32That is, investors will get a share free on each share.
00:36After the board meeting, the share of Reliance Industries fell by 1.25% to Rs. 2987.
00:43In the meeting of the board of directors of Reliance Industries, a proposal was made to issue a bonus share in the ratio of 1 is to 1.
00:51This means that the shareholders will get an extra share in return for every existing share they have.
00:57As a result, the number of shares will double and the price of the share will also be adjusted accordingly.
01:03Prior to this, a bonus share was issued with a 1 is to 1 ratio in September 2017.
01:09RIL has announced that it will give a bonus share to shareholders for the fifth time.
01:13In the board meeting, the company has also approved to increase the authorized share capital.
01:17It has been increased from Rs. 15,000 crores to Rs. 50,000 crores.
01:21However, the record date for the bonus share has not been announced yet.
01:25After the market closed, the total market cap of RIL has become Rs. 20.21 lakh crores.
01:30According to the new note of the brokerage firm ICICI Direct,
01:34companies issue bonus shares to boost retail shares and expand their equity base.
01:41Because when the share price is high, investors are not happy with it.
01:45By increasing the number of shares, the price of each share is reduced,
01:49while there is no change in the total capital.
01:52After the bonus share is issued, the same trend can be seen in the shares of RIL.
01:58According to the blog of Motilal Oswal, the eligibility of the bonus share depends on the record date and ex date.
02:04The record date is a cut-off from the company,
02:07in which investors who receive qualifications for the bonus share should be a shareholder before this date.
02:13BSE and NSE have a T plus 1 settlement and an ex date record date.
02:19Before the board meeting, the share price of RIL was Rs. 3,089.80 per share,
02:24whose market cap is Rs. 20.49 lakh crores.
02:28This year, YTD has increased the share price by 17% on BSE.
02:33RIL has issued a bonus share after 7 years.
02:37Before this, in 2017, 2009 and 1997, shareholders were issued a bonus share with a ratio of 1 to 1.
02:44In 1983, a bonus share was issued with a ratio of 3 to 5.
02:48And now in 2024, the company has issued a bonus share,
02:52in which investors will get a share free instead of a share.
02:56That's all in the video.
02:57How did you like this step of RIL?
02:59Do tell by commenting.
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