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Reliance Bonus Shares Ratio |
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Written by Rasesh Tanna
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Monday, 25 February 2008 |
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Reliance ADAG group has finally announced a 3:5 bonus ratio for the investors in Reliance Power. As promised before, this bonus will not be applicable for REL and Anil Ambani himself(both promoters). To try and not affect REL shareholders, Anil Ambani will sacrifice his own stake and reduce his holdings from 45% in RPOwER to 40%. The stake held by REL in RPOWER will remain unchanged at 45%.
The record date for the bonus is yet to be fixed, but it is estimated that it will be around the first week of April. With this bonus, the cost of a Reliance Power share will come down to Rs. 269, which is a 40% discount from the IPO discounted price of Rs. 430.
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