With Reliance Industries Limited is giving shareholders a generous 1:1 bonus issue after nearly 12 years, this promises to be an auspicious Diwali. Under Dhirubhai, RIL always looked after the shareholder interest first, so it is a good thing that his son is now following in his footsteps. He could not have thought of giving the bonus earlier as the company was investing large sums of money and servicing the additional shares would have meant a great burden on the finances. With a large part of the KG Basin funding behind it and the gas production now all set to rise, the company will have the money to be able to provide good returns to even the expanded number of shares.
Sanjiv Agarwal, Pune
