Difference between stock split and bonus?

Difference between stock split and bonus?

recently a question was posted to explain the Difference between stock split and bonus
Since its a Topic which everybody should understand,I am giving a detailed analysis on the subject.

First before Giving Any Difference lets know the Similarity

Assume a Share is trading at Rs 100 and it issues 1 bonus Share for every one share held or it spilts the stock in two.Theoretically it will trade at Rs 50 after bonus or Split.practically it may trade at Rs 40 or Rs 60Depending on market conditions

in Both Cases no of Shares will Double and net worth will remain the Same

Now the Most important Difference

Difference in Face Value:
in stock Split Face Value Gets Divided while in Bonus Issue it Remains Same .

Take the example of RIL it has recently announced 1:1 bonus,its face value is Rs 10 currently.After Bonus its price will get Halved but Face Value will remain Same.

Had reliance announced 1:1 Split its face value would have halved to RS 5.

Does Face value makes a Difference actually ?
Yes ,according to theory
No, practically