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Reliance Power Bonus Shares – Free for All Shareholders
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For *Everyday* Free updates on Buy Calls, Stock Splits, Bonus, Rights Issues & IPO:

  



Reliance Power Bonus Shares – Free for All Shareholders



Reliance Power Board will give free bonus shares to all it’s shareholders to compensate the losses everyone of us suffered when the company was listed a week ago and now trading at Rs 375.

Anil Dhirubhai Ambani Group’s Reliance Power shares are poised for up move on this news tomorrow on 18th Feb, Monday. This might lift the market up as well, the same way it pulled down the market on the Reliance Power IPO listing day of 11th Feb. On the listing day, Reliance Power share was down by 32%.

But Reliance Power board will not allot the bonus shares to company promoters. The company had issued the shares at Rs 450 while giving a discount Rs 20 a share to retail investors and accrued Rs 7,500 crore from IPO.

As per the Reliance Power Board and The Hindu – The company said its board would consider the free bonus shares at a meeting next Sunday, February 24, to benefit over four million of its investors and the cost would be accepted by promoter group by way of diluting its shareholders.

The company said that promoters would accept the dilution in their shareholding in the broader interest of investors.

Besides a proposal for issuing free bonus shares to all categories of shareholders, excluding promoters, the board would also consider other measures that could reduce the cost of Reliance Power Ltd shares below the IPO price of Rs 430 per share for retail investors, and Rs 450 per share for institutional and other categories of investors.

If you still did not get to know your IPO allotment status, please visit here to find out the number of shares alloted to you.

Update: Reliance Power Bonus shares ratio is decided and updated here, in today’s meeting on 24th Feb 2008. The bonus shares will be given to ALL SHAREHOLDERS and NOT ONLY to those retail investors who have applied for RPOWER [Rel Power] IPO shares.

UPDATE: Reliance Power Bonus Issue Record Date is Declared, Check it out here

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Comments

Sir,How can i buy reliance shares and where from
i m a bigginer
pls send me all details related on my mail id

reliance power bonus.
i have reliance power share then i have sale reliance power share on 30.may.2008,and the ex date is 30.may.2008,.(book closing03.june to 5june,2008),and the payin payout date is on 03.june.2008,so please tell me that i am eligibale for the bonus of reliance power.

Thanks & Regards
Chnandan Kumar Jha

I WOULD LIKE TO KNOW ALL ABOUT THE GOOD INVESTMENT DEMAT ACCOUNT SELL & PURCHASING OF SHARE IN INDIA. PLZ SEND EMAIL-lrd540@yahoo.co.in
MOBILE-0091-9009862994

I would like to know the record date for Ramco shares and also any other share in which I can invest to reap the bonus benefits.

V. Subramanian
Chennai, Tamilnadu

Dear sir,
Please give how to get reliance shares.

Regards
Ravikumar Adavala,
09666629043, 09032750446

How i can do trading when i don’t know.

how to buy u r shares , i dont know detailes but i hav a money

dear sir
please give how to get reliance share

Regards
9372561581 , 9881078355 ,9373420520

my name as written above i had bought reliance power shares when ipo was opened and now i want to know the status

sir i also invisted for reliance power on shares sir i wanted now how i can see my shares got good price and how i can take my maney plzzzz male to my id its request to you

dear sir, please tell me how i know the currently status ofmy purchased rel.mutual funds.

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