Wed Oct 16 18:22:41 UTC 2024: ## Reliance Industries Delays Bonus Issue, Focuses on Partly Paid Shares

**Mumbai, India -** Reliance Industries Limited (RIL), the conglomerate owned by Mukesh Ambani, has delayed the announcement of the ex-date for its previously announced 1:1 bonus issue. The delay stems from the company’s focus on resolving outstanding issues with holders of partly paid shares.

RIL had initially planned to announce the ex-date during its second quarter earnings meeting on October 14th. However, the company received requests from a group of investors holding partly paid shares, seeking additional time to complete their payments and convert their shares into fully paid ones.

To facilitate this, RIL extended the deadline for payment of the unpaid call money to October 7th. Investors who have made the payment will be eligible for:

* **1:1 bonus shares:** Receiving one bonus share for every share held.
* **Equity shares of Jio Financial Services Ltd:** Currently held by the JFSL Trust- PPS (RIL).
* **Avoiding forfeiture:** Maintaining their existing shareholding and the associated embedded value.

Despite the payment deadline passing, RIL is currently undergoing a reconciliation process to confirm which investors have completed their payments. This process involves extinguishing the partly paid shares and issuing fully paid shares to eligible investors.

The company is expected to list the new shares on the stock exchanges once this process is completed. This may take several weeks, delaying the announcement of the record date and ex-date for the bonus issue.

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