Reliance Power Bonus Issue proposed

February 21, 2008

News of the proposed Reliance Power Bonus Issue pumped the Reliance Power counter in the past few days. As per the announcement made with the stock exchanges, Reliance Power will issue bonus shares to compensate the bad listing the shares had after its much hyped IPO. The bonus shares will not be issued to the promoter or the promoter group company, but will only be issued to IPO investors. This bonus issue will reduce the IPO cost for the investors who applied for shares in the Reliance Power IPO. The record date of Reliance Power Bonus Issue will be posted here immediately as soon as the record date is announced officially.

Bookmarking Here:

Posted in Indian Stock Market