Reliance Industries advanced 2.41% to Rs 3,068 after the company said that its board will meet on Thursday, 5 September 2024 to consider a proposal for issue of bonus shares to equity shareholders.
The meeting will focus on a proposal to issue bonus shares to equity shareholders. The company plans to issue bonus shares in the ratio of 1:1 to the equity shareholders of the company by capitalization of reserves.RIL is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, renewables (solar and hydrogen), retail and digital services.
The companys consolidated net profit declined 4.04% to Rs 17,448 crore in Q1 FY25 as against Rs 18,182 crore posted in Q1 FY24. Gross revenue rose by 11.55% year on year (YoY) to Rs 257,823 crore in the quarter ended 30 June 2024.
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