Tue Oct 29 06:03:09 UTC 2024: ## Reliance Industries Shares Halved After Bonus Issue

**Mumbai, October 28, 2024:** Reliance Industries shares opened at a staggering 49.61% lower today, trading at Rs. 1338 due to a bonus share issuance. The company had announced a 1:1 bonus share scheme, meaning shareholders will receive one bonus share for every share they own.

The bonus share scheme, announced on October 28th, has led to a significant drop in share value. However, this drop is purely cosmetic, as existing shareholders now hold double the number of shares for the same value. The record date for the bonus issue was set as October 28th, which means investors buying shares today won’t be eligible for the bonus.

Analysts suggest that this bonus issue is a strategy adopted by Reliance Industries to make the stock more attractive to retail investors. Companies often employ this tactic when their share prices become prohibitively high for smaller investors. This strategy aims to increase liquidity and potentially boost trading volume, which can benefit the company in the long run.

**Important note:** This news article is for informational purposes only and does not constitute financial advice. Investment decisions should always be made in consultation with a qualified financial advisor.

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