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Is Reliance Industries' bonus share issue truly a Diwali gift?

We explore whether equating bonus issues to gifts is a fair comparison.

Is Reliance Industries’ Bonus Issue a Real Diwali Gift?AI-generated image

हिंदी में भी पढ़ें read-in-hindi

Rarely do we associate the word "bonus" with anything negative. It's a word that usually brings to mind something extra, something positive. So when Reliance Industries referred to its upcoming bonus share issue as an early Diwali gift, the comparison seemed reasonable to many. For those unfamiliar, the conglomerate recently announced that it would issue bonus shares in the ratio of 1:1 as a festive gesture, meaning shareholders will receive one additional share for each share held as of the record date (yet to be announced).


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