If you have shares of Mukesh Ambani’s company Reliance Industries (RIL), then this news is for you. Actually, the unclaimed shares of the country’s most valuable company Reliance Industries will be transferred to the government fund. These are the kind of shares which investors did not claim dividend from. In such a situation, if you have Reliance shares, then know the details of your dividend claim because there is a plan to transfer the shares which have not been claimed as dividend for 7 consecutive years or more, to the government fund. The company issued a notice stating that such shares will be transferred to the Investor Education and Protection Fund (IEPF) Authority. Let us tell you that IEPF comes under the Ministry of Corporate Affairs.
What did the company say?
Reliance Industries has made it clear that if no action is taken by August 26, 2024, the company will proceed to dematerialize these shares and transfer them to the IEPF authority. The notice said, “If the company does not receive any communication (claim of unclaimed/unencashed dividend) from the respective shareholders on or before August 26, 2024, the company will through corporate action as per rules Dematerialize the shares and transfer them to the IEPF authority.”
This share fell from ₹ 117 to ₹ 9, investors poor, shares under surveillance
Reliance made deal in Norway
Meanwhile, Reliance Industries Limited’s (RIL) technology partnership with Norway’s Nel ASA will help accelerate its investment in the new energy sector along with the production of green hydrogen. This will help billionaire industrialist Mukesh Ambani move towards green energy sector. RIL has entered into a technology licensing agreement on May 21. The agreement grants the company an exclusive license to Nel’s alkaline electrolyzers in India and also allows the Norwegian company to manufacture alkaline electrolyzers for private purposes globally. Let us tell you that the shares of Reliance Industries had closed at Rs 2,959 last Friday.
