Reliance AGM 2024: What is a bonus issue and how does it benefit shareholders? All you need to know | Stock Market News

At Reliance Industries' Annual General Meeting (AGM) for 2024, a bonus issue of shares was discussed. A bonus issue involves distributing additional shares to existing shareholders at no extra cost, based on the number of shares they already own. This move aims to reward shareholders and make the stock more affordable. The benefits include increasing liquidity, enhancing shareholder value, and reflecting the company's strong financial performance. The bonus issue is part of Reliance’s strategy to engage and retain investors by providing them with added value.