RIL shareholders approve 1:1 bonus issue

[v.r.s.nathan]

Shareholders of the country's most valued company, Reliance Industries (RIL) have approved the 1:1 bonus issue for which the company has fixed November 27, 2009, as the record date.

The shareholders of the Mukesh Ambani-led company at their 35th annual general meeting on November 17 have approved allotment of 1:1 bonus share of the face value of Rs 10, RIL said in a filing to the Bombay Stock Exchange.

The RIL board had last month approved 1:1 issuance of bonus shares after a 12-year gap. The last time RIL announced a bonus issue was in October, 1997.

Shares of Reliance Industries today closed at Rs 2,081.95 on the BSE, down 0.98 per cent from its previous close.

Source - economictimes (http://economictimes.indiatimes.com/markets/stocks/market-news/RIL-shareholders-approve-11-bonus-issue/articleshow/5248101.cms)

[Pankaj Singh]

Has anybody received RIL shares for RPL shares?

[Expert]

Has anybody received RIL shares for RPL shares? I have been received the RIL shares back in August'2009. Please check with your demat account holder, if you haven't received till now.

[MTG]

Reliance Industries Limited has informed the Exchange that "The Board of Directors of the Company have fixed September 29, 2009 as the ‘Record Date’ for the purpose of determining the shareholders of Reliance Petroleum Limited (‘RPL/Transferor Company”) who will be entitled to receive Equity Shares of the Company in terms of the Scheme of Amalgamation of RPL with the Company (the Scheme). In accordance with the Scheme, the Company will issue and allot Equity Shares of Rs. 10/- each to the shareholders of the Transferor Company as on the record date in the ratio of 1 (One) equity share of the Company for every 16 (Sixteen) Equity Shares of the Transferor Company". Further, the Company has submitted to the Exchange note on the Scheme of Amalgamation of Reliance Petroleum Limited with Reliance Industries Limited. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source - nseindia.com