RIL Explores Bonus Issue as Ambani Bets Big on New Energy

RIL plans bonus issue as it invests in new-energy business Ambani's company aims to expand its footprint in clean energy RIL explores opportunities in renewable energy and green hydrogen

Reliance Industries Limited (RIL), led by the influential Mukesh Ambani, is making a significant move into the burgeoning new-energy sector, simultaneously considering a bonus share issue for its existing shareholders. This strategic maneuver signifies the company's commitment to diversifying its portfolio and capitalizing on the global trend towards sustainability. The decision to invest heavily in new energy is a clear indication of Ambani's vision for RIL's future, aiming to position the company as a key player in the rapidly evolving clean energy landscape.

Source: Mukesh Ambani bets big on new-energy business as RIL mulls bonus issue