Reliance Industries (RELIANCE.NS) - Stock split history (2024)

FAQs

How many times did Reliance Industries share split? ›

Reliance Industries stock (symbol: RELIANCE. NS) underwent a total of 3 stock splits.

Reliance Industries has not announced any Stock Split since 2018.

More than a decade ago Reliance's founder, Dhirubhai Ambani, died without a will or a clear leadership transition, stirring a bitter feud between Mukesh and his younger brother, Anil. Reliance was eventually divided up following the intervention of their mother.

Stock splits come in multiple forms, but the most common are 2-for-1, 3-for-2 or 3-for-1 splits. For example, let's say you owned 10 shares of a stock trading at $100. In a 2-for-1 split, the company would give you two shares with a market-adjusted worth of $50 for every one share you own, leaving you with 20 shares.

In October 2005, the split of Reliance Group was formalised. Mukesh Ambani got Reliance Industries and IPCL. Younger brother Anil Ambani received telecom, power, entertainment, and financial services business of the group.

Mukesh Ambani and his private firms held 47.29% stake in RIL as of June 30, 2019, which increased to 48.87% after a scheme of arrangement in September 2019. According to Business Times, he personally owns 75 lakh or 0.12% of shares.

Reliance Industries has not announced any Bonus Issue since 2018.

Reliance succession planning for Isha, Akash, Anant

Mukesh Ambani commenced the succession planning of his conglomerate Reliance Industries earlier this year when he appointed his three children - twins Akash and Isha and younger son Anant - to the board of the company after approval from shareholders.

Mukesh Dhirubhai Ambani (born 19 April 1957) is an Indian businessman and the chairman and managing director of Reliance Industries. With an estimated net worth of $113.7 billion as of March 2024, he is the richest person in Asia and 11th richest in the world.

Who is richest, Tata or Reliance? ›

Tata Group is currently the behemoth of India with a combined market value of over Rs 28 lakh crore, far higher than Adanis and Ambanis. However, unlike Mukesh Ambani and Gautam Adani, the Chairman Emeritus of Tata Sons, Ratan Tata does not belong to the top 50 or even top 10, top 5 world billionaires list.

Synopsis. The Delhi High Court has requested a response from Reliance Industries (RIL) and its partners in relation to the Indian government's appeal, accusing the conglomerate of committing fraud and unjust enrichment of over $1.729bn by extracting gas from deposits it did not have the rights to exploit.

Does it matter to buy before or after a stock split? If you buy a stock before it splits, you'll pay more per share than what it'll cost after it splits. If you're looking to buy into a stock at a cheaper price, you may want to wait until after the stock split.

Although the number of outstanding shares increases and the price per share decreases, the market capitalization (and the value of the company) does not change. As a result, stock splits help make shares more affordable to smaller investors and provides greater marketability and liquidity in the market.

Considering the Madras Rubber Factory (MRF) case, it is worth noting that despite its consistently high share price, MRF has chosen not to split its shares.

Reliance Industries has not split the face value of the share since Jan 1, 2000. However, the company offered 1:1 bonus shares in 2009 and 2017. Bonus shares are additional shares given to the current shareholders.