Reliance Power sets bonus at 3:5

Reliance Power Ltd(a ADAG group company) announced three bonus shares for every five held by the retail investors, the step was taken in order to reduce the acquisition cost for investors who showed keen interest in Reliance Power IPO which was a record IPO worth rupees 12000 crores, Details about thr Reliance Power IPO can be read at our Reliance IPO's previous post, However the bonus shares would be only given to investors and not to the promoter groups, or any of Anil Ambani's stake company.

It was also made clear that there would be a 2.6% of personal stake transfer of Anil Ambani in Reliance Power to his other group company Reliance Energy-The transfer is in order of Rs 4,700 Crores. The move is to compensate the companies dilution of stake in Reliance Power.

Anil Ambani said that he is very concerned about the investors who showed faith in his IPO but lost money due to global uncertainities.