Reliance Power Bonus Shares Issue: 3 Bonus Shares for Every 5 Held
As per our updated before on Reliance power bonus shares here, today Anil Ambani promoted Reliance Power declared a bonus share ratio for this bonus issue.
The investors would cut down their losses by as much as 40% over the IPO price after the company announced the bonus issue on Sunday.
The board of directors at its meeting considered and approved a bonus issue, excluding promoters, wherein three shares would be allotted for every five held by the non-promoter shareholders.
“This move would effectively reduce the cost of Reliance Power shares from the IPO price,” Reliance Power Chairman Anil Ambani said.
Retail investors were allotted the shares at Rs 430 while institutional investors got it at Rs 450.
Here are few questions answered for you.
What will be the new value of IPO shares for retail investors?
The new IPO shares price for retail investors would be Rs. 269
Whom these Reliance Power bonus shares be alloted to?
These shares will be alloted to every shareholder who has the shares on record date.
What is record date for Reliance Power bonus shares? What is cut of date for Reliance Power bonus shares?
Though the record date is not declared in today’s meeting, we will bring this news as soon as we get it. We were among the first very few blogs on Indian share market that brought you the news of Reliance Power bonus issue last Sunday.
UPDATE: Reliance Power Bonus Issue Record Date is Declared, Check it out here
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Comments
[...] now, the value of each IPO share comes down to Rs. 269 for retail investors after reliance power bonus issue ratio declared today. Wait and watch this place for the record date of Reliance Power bonus shares issue. [...]
res sir,
i am very much proud of your site and news receiving from u intime and updated.this is realy great.i have no words.
thanks
please tell me how many bonus shares will we get if:
1) a person has been allotted 16 shares , and
2) a person has been allotted 17 shares.
thanks.
please tell me how many bonus shares will we get if:
1) a person has been allotted 16 shares , and
2) a person has been allotted 17 shares.
thanks.
HI
I have bought reliance power from open market, First am i eligible for bonues shares, second have they announced the record date
Thanks
Vincent rajkumar
please tell me how many bonus shares will we get if:
1) a person has been allotted 16 shares , and
2) a person has been allotted 17 shares.
thanks.
please inform the record date for the bonus issue of reliance power. am i eligible for the bonus, as i have taken the share on 11/02/2008
I have alloted 16 shares of Reliance Power. But till now I doesn’t receive any Bonus share.Can you tell when i will get the bonus share?
Dear Reliance Group,
I have been allotted 17 shares of Reliance Power IPO @ Rs.430/- per share. Thereafter, it was announced by Reliance Power that the Company shall issue 3 Bonus shares for every 5 held by each shareholder. Thus I am likely & eligible to get 9 more shares. Kindly, therefore, let me know as to when the said bonus shares will be issued to all the shareholders who trust a lot in Reliance Group.
With regards
Manoj
hi
so reliance declared the cute off date but i have been alloted 16 share so my bonus would be 9 share but if i buy 2 share then what would be my bonus?
pls inform the allotement date of reliance power ltd
Book closure date / Re date : 03/06/08 to 05/06/08
Ex Date : 30/05/08
i have reliace diversified power sector fund -growth option, purchased last november 2007. i didn’t receive any 3:5 bonus shares. has any body?
[...] Reliance Power Bonus shares ratio is decided and updated here, in today’s meeting on 24th Feb 2008. The bonus shares will be [...]