Reliance Industries Corporate Action History: As investor interest in the upcoming Jio IPO gathers momentum, Reliance Industries’ bonus issue and dividend history offers a record of shareholder payouts spanning more than three decades. An investor who held one Reliance Industries share in 1989 would today own 16 shares following four bonus issues, in addition to receiving cumulative dividends of Rs 269.35 per share between FY1990 and FY2026.
The company’s shareholder reward history includes four bonus issues, each in the ratio of 1:1, alongside regular dividend payouts. The latest dividend announced by Reliance Industries stood at Rs 6 per share for FY2025-26.
Reliance Industries Bonus History: How 1 share became 16 shares
Reliance Industries has announced four bonus issues since 1989, all in the ratio of 1:1. Each bonus issue doubled shareholders’ holdings, increasing the number of shares held by long-term investors without requiring additional investment for the bonus allotments.
| Bonus Year | Bonus Ratio | Shares Held After Bonus* |
| Initial Holding (1989) | – | 1 |
| 1997 | 1:1 | 2 |
| 2009 | 1:1 | 4 |
| 2017 | 1:1 | 8 |
| 2024 | 1:1 | 16 |
The company’s bonus issue history forms one part of its shareholder reward track record, with dividend payouts providing an additional source of returns over the period covered.
Reliance Industries Dividend History
Alongside bonus issues, Reliance Industries has maintained a dividend payout record spanning more than three decades.
The cumulative dividend payout amounted to Rs 269.35 per share between FY1990 and FY2026. The latest dividend announced by the company was Rs 6 per share for FY2025-26.
| Period | Cumulative Dividend Per Share |
| FY1990-FY2000 | Rs 41.85 |
| FY2001-FY2010 | Rs 80.50 |
| FY2011-FY2020 | Rs 85.50 |
| FY2021-FY2026 | Rs 61.50 |
The dividend history, combined with the four bonus issues, forms the basis of the company’s shareholder reward record described in the source data.
Reliance Industries Share Price: From Rs 10 IPO to Rs 1,223
Reliance Industries has delivered substantial share price appreciation since its initial public offering (IPO) in 1977. Reliance Textile Industries’ IPO was priced at Rs 10 per share and was oversubscribed seven times, marking a milestone in India’s equity market.
At the current market price (CMP) of Rs 1,223.30, the stock’s price has appreciated by approximately 12,133 per cent from its IPO price of Rs 10. This further means that a Rs 10,000 investment made at Reliance Industries’ IPO price of Rs 10 per share would have grown to about Rs 12.23 lakh at the current market price of Rs 1,223.30, reflecting a gain of roughly 12,133 per cent.
Jio IPO: Why Reliance Industries shareholders are in focus
The company’s corporate action history comes into focus as Jio Platforms prepares for its public market debut.
Jio has evolved from a telecom operator into a digital ecosystem spanning mobility services, home broadband, enterprise connectivity, cloud offerings and digital platforms. The upcoming IPO is expected to provide a standalone market valuation for Jio Platforms, which is viewed by many analysts as one of Reliance Industries’ key growth engines.
Reliance Industries is expected to remain the controlling shareholder in Jio after the public issue. Any value unlocked through the listing could therefore have implications for Reliance Industries shareholders as well.
Bottom Line
Reliance Industries’ corporate action history shows how its bonus issues and dividend payouts have contributed to shareholder returns over an extended period.
An investor holding one share in 1989 would now hold 16 shares following four 1:1 bonus issues. In addition, the company paid cumulative dividends of Rs 269.35 per share between FY1990 and FY2026, with the latest announced dividend standing at Rs 6 per share for FY2025-26.