Reliance Industries Limited (RIL), led by Mukesh Ambani, has declared October 28, 2024, as the record date for its 1:1 bonus share issue. Shareholders will receive one free share for every existing share they hold, coinciding with the Diwali festival.
This bonus issue is seen as a significant incentive for investors, allowing them to increase their shareholding without additional investment. However, analysts note that such bonus shares typically do not alter the overall investment value, as share prices adjust accordingly.