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Reliance Industries to turn ex-bonus on Thursday; stock extends gains

The stock was up 1% at Rs 1,650, extending its 6.6% surge in past five trading sessions on BSE

RIL
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RIL on Friday announced 1:1 bonus, meaning every shareholder of the company will get one free share for every one share held

SI Reporter Mumbai
Reliance Industries (RIL) was up 1% at Rs 1,650, extending its 6.6% surge in past five trading sessions on BSE, after the company fixed September 9 as the record date for 1:1 bonus issue. The stock will turn ex-bonus tomorrow on September 7.

The stock outperformed the market by gaining 7.7% from Rs 1,532 on August 28, as compared to 1% rise in the S&P BSE Sensex.

“The Company has fixed Saturday, September 9, 2017 as the 'Record Date' for the purpose of determining members eligible for bonus equity shares of the Company,” RIL said in a regulatory

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