Anil Ambani- headed Reliance Power Ltd said on Sunday that it has planed to offer bonus shares to all its shareholders, excluding the promoter group. This is the first time an Indian company has proposed bonus shares barely a week after listing on the stock exchanges.
The decision taken after the share doesn't do well in the bearish BSE and NSE, most of the traders expected R-power share will turnaround the market to bullish. But, unfortunately it doesn't happen, and the share price fall considerably against listed price. On Friday, the shares closed at Rs 384.70 on the Bombay Stock Exchange.
The decision of issuing bonus share is really good news to the R-power shareholders and we can expect this will create a positive breath in the Indian Stock Market.
The decision taken after the share doesn't do well in the bearish BSE and NSE, most of the traders expected R-power share will turnaround the market to bullish. But, unfortunately it doesn't happen, and the share price fall considerably against listed price. On Friday, the shares closed at Rs 384.70 on the Bombay Stock Exchange.
The decision of issuing bonus share is really good news to the R-power shareholders and we can expect this will create a positive breath in the Indian Stock Market.
2 comments:
I hope all goes well with this one.I just happened to read another article which mentions that Mukesh Ambani is behind the stock market crash. Isin’t it is sad to know that Mukesh Ambani has done all this just to make the Reliance Power stock unsuccessful. You also can read the article on http://rilfraud.blogspot.com/2008/02/reliance-industries-ril-mukesh-ambani.html and this link also talks about all the fraud that Reliance Industries has been doing.
I’m glad that Economic Times has also taken this up and published but not put in details.
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