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Read More »Why RIL bonus issue syncs with its effectively free JioPhone!
Reliance Industries Ltd’s (RIL’s) unexpected 1-for-1 bonus issue, which chairman Mukesh Ambani unveiled at the company’s 40th annual general meeting (AGM) on Friday, gave a further boost to shares that are already the second-best performing this year on India’s benchmark index. What’s interesting about the announcement, however, is the timing. The last time India’s most-valuable company gave one free share ...
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