RIL offers 1:1 bonus; to pay 130 per cent dividend
07 Oct 2009
Reliance Industries (RIL), the flagship of the Mukesh Ambani group, and the largest private sector company in India, proposes to issue one bonus share for every Rs10 share held in the company.
The board of directors of the company at its meeting today also declared a dividend of Rs13 per share of Rs10, subject to approval by the shareholders.
Reliance Industries also reported a consolidated net profit of Rs15,296 crore for the year ended 31 March 2009.
The company also restated its earlier reported net profit of Rs15,324 crore (from ordinary activities) in the FY'08, the company said in a filing with the Bombay Stock Exchange.
The announcement of audited financial results for 2008-09 came late as the merger of Reliance Petroleum with RIL was awaiting regulatory and court approvals, it said.
The figures include those of RPL, which amalgamated with the company with effect from 1 April 2008 and are therefore, not comparable with those of previous year, the company said in the filing.
The net turnover of the company stood at Rs1,51,224 crore for the year ended 31 March 2009, against Rs1,37,147 crore a year-ago.