The last time India’s largest private sector company gave bonus shares to its shareholders was 12 years ago. This year, 39 companies have announced bonus shares so far. Before RIL, state-owned Indian Oil Corporation had announced a 1:1 bonus issue last month.
“The proposal for bonus and dividend continues Reliance’s tradition of rewarding shareholders on a sustained basis,” a company statement said.
On a standalone basis, Reliance Industries's audited net profit stood at Rs 15,637 crore for 2008-09 against Rs 15,261 crore in the previous year. The company's standalone net turnover was Rs 143,907 crore in the last fiscal, while it was Rs 134,338 crore in 2007-08. The comapny has spent Rs 102,288 crore towards buying raw materials including crude. Thus, the expenditure stood at Rs 123,359 crore.
The company said that it has recognised Rs 370 crore towards liabilities on account of corporate guarantee issues on behalf of a subsidiary, being an exceptional item. In the previous year, exceptional item of Rs 4,733 crore represent gains primarily arising out of transactions concerning Reliance Petroleum shares.
Source: http://profit.ndtv.com/2009/12/07101903/RIL-bonus-share-trading-begins.html
Labels: Reliance, Reliance Group, Reliance Industries, RIL