Jio on the move: A woman waiting at a bus stop with an advertisement of Reliance Industries’ Jio telecoms unit in Mumbai recently. — Reuters
RELIANCE Industries Ltd’s unexpected 1for1 bonus issue, which chairman Mukesh Ambani unveiled at the company’s 40th annual general meeting on Friday, gave a further boost to shares that are already the secondbest performing this year on India’s benchmark index.
What’s interesting about the announcement, however, is the timing.
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