Reliance Power Bonus Share

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Reliance Power


The Reliance Power Board has approved a bonus issue of 3:5 shares, which essentially means that the company will issue 3 shares for every 5 held. Chairman, Anil Ambani says that the bonus share issue is only for non-promoters.

The company says that the number of retail shareholders have increased in the last 10 days. The bonus is said to reduce IPO cost to Rs 269 for retail investors, to protect dilution of REL stake in Reliance Power. REL will be compensated by making up 2.6% from Ambani's own stake.

Ambani said that his personal stake in Reliance Power has been diluted to 40% versus 45%. He added that the public will hold 15% in Reliance Power.

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