Reliance Industries Limited (RIL) has taken significant steps to bolster its financial framework and support future expansion. The company’s board approved a proposal to increase the authorized share capital from Rs 15,000 crore to Rs 50,000 crore. This move will facilitate the planned bonus issue and provide a robust foundation for future growth.
The bonus shares will be issued by capitalizing from RIL’s securities premium account, general reserves, or retained earnings. As it stands, RIL’s pre-bonus paid-up capital amounts to Rs 6,766.23 crore, which includes 676.62 crore equity shares with a face value of Rs 10 each, comprising partly paid-up shares.
Post the bonus issue, the company’s paid-up capital will double to Rs 13,532.46 crore, now consisting of 1,353.24 crore equity shares. This strategic decision underscores RIL’s commitment to strengthening its capital base as it gears up for future endeavors.
Original Story https://www.pratidintime.com/assambusinessnews/reliance-industries-announces-11-bonus-share-issue
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