Finance Comic on September 2 : Bonus Buzz 💸

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[{"selector":"#anim-00b6ad40-6744-4dce-b8b7-f3c25afc9791 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-0c3894f0-57b1-40a2-8262-6ec8466094ac","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e5740054-8e30-4ce0-a184-dd4385da9fba","keyframes":{"transform":["translate3d(-64.28989%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c98c69b-e4ad-4ba6-8e40-876707304d95","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-137142fb-ef9b-42ad-a20f-c424fa2a623a","keyframes":{"transform":["translate3d(-70.80925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0d366e68-95ee-4ccd-8831-0001563007c8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ea671744-5047-4275-9498-2a27c0c8cb7a","keyframes":{"transform":["translate3d(103.36788%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Reliance Industries, led by Mukesh Ambani, has announced that its Board of Directors will meet on Thursday, September 5, 2024, to discuss and recommend a 1:1 bonus share issue for approval by shareholders.

[{"selector":"#anim-53d388a0-1478-4fff-8475-a64cd631c639 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-15f7beda-6750-4e27-8f3d-ce6d79abcdd1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-172bfb4f-a86f-46e6-815a-87ec0cc0b253","keyframes":{"transform":["translate3d(103.36788%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9267ff88-b350-4852-bb11-295ca39b1a66","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dd32fc01-2c36-42e8-948b-5b83f0bcddc7","keyframes":{"transform":["translate3d(-64.28989%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4038ac68-335f-4717-b146-0ae44c1bea69","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dbc50650-5257-4e2a-9e54-2dfaa7fc800a","keyframes":{"transform":["translate3d(-70.80925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] This means that for every share a shareholder owns, they would receive one additional share at no extra cost.

[{"selector":"#anim-6a50a116-6b81-4f27-9a41-2bf2bf47d7c4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-467e98d5-82ea-4c65-91e2-43fe0f1d2108","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0445c612-f458-4374-b39f-267e965d8a51","keyframes":{"transform":["translate3d(103.36788%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e20a9788-335e-4393-820a-5e4a86c95a8b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-66a4719e-571d-4d1a-9618-7a635c81d27f","keyframes":{"transform":["translate3d(-64.28989%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5900d11b-b307-47f0-8895-b549166f8e1a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4fb55a62-f0a8-49d2-a895-1eab1d0a2499","keyframes":{"transform":["translate3d(-70.80925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The company disclosed this in an exchange filing, stating that the bonus shares will be issued by capitalizing reserves, in line with the regulations set by the Securities and Exchange Board of India (SEBI).

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[{"selector":"#anim-a8f4bff7-c6f0-4550-b5f9-0a4625bd61a3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-875f2d2b-aa25-40c6-81e0-951ad39f5efa","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7dd6f98a-63bb-4bc9-86b7-3eee4d942e9d","keyframes":{"transform":["translate3d(103.36788%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0e4df8c0-cc3c-45dd-80af-037ceac44667","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3b7cfb19-7f42-4734-92e1-9c47b24400f5","keyframes":{"transform":["translate3d(-64.28989%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b7a6b37f-5f49-4592-a4a3-9ccdcb0175c4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-db1652fa-b18f-46ef-969e-69c64ac5b918","keyframes":{"transform":["translate3d(-70.80925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The stock is now just 4.4 per cent below its all-time high of Rs 3,217.90, which was recorded on July 8, 2024. Learn more

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