Reliance plans 1:1 bonus stock issue after 7 years

Reliance Industries, under Mukesh Ambani’s leadership, intends to consider a 1:1 bonus share issuance at its September 5 board meeting. Highlighting its sixth bonus since 1977, RIL aims to reward shareholders amid robust finances. The company’s digital and retail units are poised to double their revenues in the next few years, driven by new energy ventures.