Earlier, Mukesh Ambani-backed Reliance has extended the deadline for investors holding partly paid-up equity shares to convert them into fully paid-up shares.

Reliance Industries announced plans to distribute one additional share for every share held by shareholders during its AGM. However, the record date is yet to be announced.

The company announced a bonus issue of a 1:1 ratio, and the record date will be declared in due course. Wipro has a strong track record of paying bonus issues in over two decades.

Reliance Industries, RIL Bonus Share Credit Date: "​​The issuance and listing of bonus shares will coincide with the upcoming festive season in India and will be an early Diwali Gift to all our esteemed shareholders,

Wipro reported 6.8 percent quarterly growth and 21.3 percent annual growth. The companys net income in the July-September period (Q2 FY25) was at Rs 3,209 crore.

RIL board approves authorised share capital at ₹50,000 crore, which consists of 4,900 cr shares of ₹10 each and 100 cr preference shares of ₹10 apiece each

Reliance Industries had earlier in September this year had announced a bonus issue in the ratio 1:1. Though the company has already fixed the credit date for the aforesaid issue, the record date is yet to be announced.

The issue of bonus shares was approved by majority of the shareholders of Reliance Industries through an e-voting process on Wednesday, October 16.

Calling it an "early Diwali gift", RIL approved a 1:1 bonus share issue in September. This will be the sixth bonus issuance of the oil-to-telecom major after 1980, 1983, 1997, 2009 and 2017.