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Tag: reliance industries limited

  • Will Reliance Announce Bonus Share Record Date Today? All Eyes On Board Meeting | Economy News

    New Delhi: The Board of Directors of Reliance Industries Limited (RIL) had in its recent annual general meeting (AGM) held last month, approved the issue of bonus shares in the ratio of 1:1. This means every shareholder holding 1 (one) fully paid-up equity share of Rs. 10 each on the record date will receive 1 (one) fully paid-up equity share of Rs. 10 each.

     

    “Pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that meeting of the Board of Directors of the Company is scheduled to be held on Monday, October 14, 2024, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter and half year ended September 30, 2024. A presentation to analysts and media on financial results of the Company for the quarter and half year ended September 30, 2024 shall be made on the same day after the meeting,” RIL said in a BSE filing.

    RIL 1:1 Bonus Issue Record Date

    The company had not announced the record date for its bonus issues. Media reports are widely speculating that the company may officially disclose the record date for the bonus share in its board meeting today. 

    Reliance Bonus Issue: Early Diwali Gift For Investors

    “This will be the largest ever issuance of bonus equity shares in the Indian equity market. The issuance and listing of bonus shares will coincide with the upcoming festive season in India and will be an early Diwali Gift to all our esteemed shareholders,” RIL had said in its AGM.

    “This is the sixth bonus issue from RIL since its IPO and the second in this Golden Decade. The bonus issue is a testimony to Reliance’s continued commitment towards rewarding shareholders during the Golden Decade from 2017 to 2027”, it added.

    In 2017, Reliance had issued bonus shares in the ratio of 1:1. This was followed by a Rights Issue in 2020, where shareholder’s investment has grown 2.5 times already. In July 2023, Jio Financial Services Limited was demerged, which is valued 35 per cent higher today from its listing.

  • Jio Users To Get 100 GB Of Free Cloud Storage! Mukesh Ambani Announces Jio AI Cloud Welcome Offer |

    New Delhi: RIL Chairman Mukesh Ambani on Thursday announced Jio AI Cloud Welcome offer, under which Jio users will get 100 GB of free cloud storage.

    Speaking at the 47th Annual General Meeting (AGM) of Reliance Industries Limited (RIL), Ambani said that the free storage offer to users will be available starting Diwali this year.

    Mukesh Ambani added, “Today, to support our AI Everywhere For Everyone vision using Connected Intelligence, I am thrilled to announce the Jio AI-Cloud Welcome offer. Today, I am announcing that Jio users will get up to 100 GB of free cloud storage. , to securely store and access all their photos, videos, documents, all other digital content, and data. And we will also have the most affordable prices in the market for those needing even higher storage.”

    “We plan to launch the Jio AI-Cloud Welcome offer starting Diwali this year, bringing a powerful and affordable solution where cloud data storage and data-powered AI services are available to everyone everywhere,” Mukesh Ambani said.

    Reliance Jio Infocomm chairman Akash Ambani talking at the AGM said that the company is developing an AI service Jio Phonecall AI which can record and store any call in Jio Cloud and automatically transcribe it, and automatically convert it from voice to text.

    “Today, we’re excited to talk about a new service that we are developing, that makes using AI as easy as making a phone call. We call this service Jio Phonecall AI, which lets you use AI with every phone call. Jio Phonecall AI can record and store any call in Jio Cloud and automatically transcribe it, which means automatically convert it from voice to text. It can also summarize the call, and even translate it into another language,” Akash Ambani said.

  • Reliance Shareholders Alert! Company To Consider 1:1 Bonus Issue On September 5 | Economy News

    New Delhi: The board of Reliance Industries Ltd will consider issuing 1:1 bonus shares on September 5, the company said in a regulatory filing on Thursday.

    Reliance, the nation’s most valuable company, had last issued bonus shares in September 2017.

    “A meeting of the Board of Directors of the company is scheduled to be held on Thursday, September 5, 2024 to consider and recommend to the shareholders for their approval, issue of bonus shares in the ratio of 1:1 to the equity shareholders of the company by capitalization of reserves,” the firm said in the stock exchange filing.

    Prior to the 1:1 bonus issue in 2017, Reliance had in 2009 issued 1:1 bonus share.