Reliance bonus shares will be issued to shareholders who purchased Reliance shares before the market closed on October 25, 2024. These eligible individuals will receive a 1:1 bonus issue, meaning they will get one bonus share for every share they already hold.
Understanding Eligibility for Reliance Bonus Shares
To qualify for the Reliance bonus shares, investors needed to ensure their share purchase was completed by a specific date. This cut-off date is crucial for determining who appears on the company's records as a shareholder entitled to the bonus issue.
Key Eligibility Criteria:
- Share Purchase Deadline: Shares must have been purchased before the market closed on October 25, 2024. This ensures the buyer's name is recorded in the company's books by the record date.
- Demat Account Holding: The bonus shares will be credited directly to the eligible shareholders' demat accounts. A dematerialized (demat) account is essential for holding shares in electronic form.
When Will Reliance Bonus Shares Be Credited?
The bonus shares will be credited to the eligible demat accounts after the record date of October 28, 2024. The record date is the specific date set by the company to determine which shareholders are eligible to receive dividends, bonus shares, or other corporate actions.
Here's a breakdown of the key dates:
| Event | Date | Significance |
|---|---|---|
| Share Purchase Cut-off | Before Oct 25, 2024 | Last day to buy shares to be eligible for bonus. |
| Record Date | October 28, 2024 | Date used to identify eligible shareholders. |
| Bonus Shares Credit Date | After October 28, 2024 | When bonus shares will appear in demat accounts. |
This process ensures that only those who were officially registered as shareholders by the record date receive the additional shares. The 1:1 bonus issue implies that for every share an eligible investor holds, they will receive one additional share, effectively doubling their shareholding without any additional cost.
