Shareholders of the country's most valued company, Reliance Industries (RIL) have approved the 1:1 bonus issue for which the company has fixed November 27, 2009, as the record date.

The shareholders of the Mukesh Ambani-led company at their 35th annual general meeting on November 17 have approved allotment of 1:1 bonus share of the face value of Rs 10, RIL said in a filing to the Bombay Stock Exchange.

The RIL board had last month approved 1:1 issuance of bonus shares after a 12-year gap. The last time RIL announced a bonus issue was in October, 1997.


Shares of Reliance Industries today closed at Rs 2,081.95 on the BSE, down 0.98 per cent from its previous close.
Source - economictimes

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