Stock to Watch: RIL shares in focus as co sets October 28 as record date for 1:1 bonus share
Reliance Industries (RIL) will be in focus on Thursday as the oil-to-retail conglomerate has fixed Monday, October 28, 2024 as the record date for determining shareholders eligible for the issue of 1:1 bonus shares.
The company received approval from shareholders late Wednesday. The total percentage of votes cast in favour of the bonus issue resolution was 99.92%, with just 0.07% votes against it.
The company in a filing to the stock exchanges also said that it has received shareholders' approval for increasing its authorised share capital.
As for the increase in authorised share capital and consequent alteration to the Capital Clause of the Memorandum of Association, 98.96% votes were cast in favour of the resolution while 1.04% were against it.
The authorised share capital of the company is Rs 50,000 crore only consisting of 4,900 crore equity shares of Rs 10/ each and 100 crore preference shares of Rs 10/ share each.
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