Desk
Share
Reliance Industries Bonus Share : Before Diwali, Reliance Industries has announced the record date of the bonus issue. Reliance is India's largest company in terms of market capital and a giant in the oil-gas sector. Reliance is going to give its shareholders 1:1 bonus shares i.e. 1 free bonus share for every 1 share. But do you know till when you can get bonus shares on purchasing Reliance shares? Let us tell you.
Reliance Bonus Share Record Date
For your information, let us tell you that Reliance has fixed October 28 as the record date for bonus shares. To be eligible for bonus shares, you have to buy Reliance shares at least one day before the record date.
This is because in India there is a T+1 (Trade Day + 1 Day) settlement cycle. That is, the day you buy, they are credited in the demat one day after that. Now instead of 28 October, you will have to buy shares on 27 October. But 27 October is Sunday and 26 October is Saturday, so the stock market will be closed on both days. In such a situation, you will have to buy till 25 October.
35 lakh people will benefit
35 lakh people will get Reliance bonus shares for free. Let us tell you that the bonus issue will double the number of shares held by shareholders. That is, if someone has 200 shares of Reliance, he will get an additional 200 shares, as a result of which he will have a total of 400 shares. But the market value of the shares will also be halved.
--Advertisement--
