Wednesday, October 7, 2009

Reliance Industries proposes 1:1 bonus

The board of Reliance Industries, India's largest private company, Wednesday recommended a dividend of Rs.13 per share and a bonus issue of one new share for each existing one.

The announcement came after the closing bell for Indian equities markets, where the company's scrip, with a paid up value of Rs.10, had ended at Rs.2,099 on the Bombay Stock Exchange (BSE), down 1.57 percent or Rs.33.45 over the previous close.

The bonus issue and the dividend are subject to approvals by the shareholders.
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