If you own shares of Mukesh Ambani’s company Reliance Industries (RIL), this news is for you. In fact, the unclaimed shares of Reliance Industries, the country’s most valuable company, will be transferred to the government fund. These are shares from which investors did not claim dividend. In such a situation, if you hold Reliance shares, know your dividend claim details as the shares which have not been claimed as dividend continuously for 7 years or more, are planned to be transferred to the government fund. The company issued a notice saying 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 clarified 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/uncashed dividend) from the concerned shareholders on or before August 26, 2024, the company will dematerialize and transfer the shares through corporate action as per rules. . IEPF authority.”
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Reliance had a deal in Norway
Meanwhile, Reliance Industries Limited’s (RIL) technology partnership with Norway’s Nel ASA will help boost its investment in the new energy sector with production of green hydrogen. This will help billionaire industrialist Mukesh Ambani move towards the green energy sector. RIL entered into a technology licensing agreement on 21 May. The agreement grants the company an exclusive license to Nel’s alkaline electrolyzers in India and allows the Norwegian company to manufacture alkaline electrolyzers for private purposes globally. Let us tell you that the share of Reliance Industries closed at Rs.2,959 last Friday.