In an unprecedented move, Anil Ambani Group company Reliance Power will give free bonus shares in the ratio of 3:5 to all its shareholders to compensate the losses they suffered when the company was listed a fortnight ago.
Reliance Power today announced a bonus isse in the ratio of 3:5., i.e three free shares for every five shares held by a shareholder.
The company's board had last Sunday announced its plans to issue bonus shares to all shareholders excluding the promoters.
The company had recently issued shares at Rs 450 while giving a discount Rs 20 a share to retail investors.
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