Shares of the country’s leading company Reliance Industries are seen at half the price today. The reason behind this is bonus shares. On October 28, shares of Reliance Industries are trading as ex-bonus stock in the stock markets. The company has decided to give one share bonus on one share.
Reliance Industries had announced to give one share bonus on 1 share
Reliance Industries had said in the information given to the stock markets that 1 share will be given as bonus on a share with a face value of Rs 10. The company had fixed the record date for this bonus issue on Monday, October 28, 2024. One thing is good for the share holders. The value of the old shareholders of Reliance has not decreased. Now they have got double the shares for the same money.
Will you get free stock on buying shares today?
The record date is the date when the company scrutinizes its record book. In such a situation, if you buy shares of Reliance Industries today, then you will not get the benefit of the bonus issue. Because the price has halved. Let us tell you, to take advantage of bonus issue or dividend etc., shares have to be purchased one business day from the record date.
Why does the company give bonus shares?
When companies feel that the price of their shares has increased. Due to which retail investors are avoiding betting, then they adopt two ways. The first way is bonus issue. And the second is stock split. In both, the price of the shares decreases. But on one hand, the face value of the shares decreases in stock split. Whereas in bonus issue, there is no effect on the face value.
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