RIL to issue 1:1 bonus for share holders

This announcement came as a surprise as the company was recommending a bonus after   12 years and analysts expect this would flare up the markets on the eve of Deepawali. The RIL board has also approved a dividend of Rs 13 per fully paid-up equity share of Rs 10, Reliance Industries CFO Anil Agarwal said. The bonus and dividend will also be applicable on the shares of Reliance Petroleum Limited (RPL,) which was recently merged with the RIL.

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