Reliance Power will offer bonus shares to the shareholders whose name appears in the register of members as of June 2.
The company had declared a bonus issue within few days of its listing on stock exchanges in the ratio of three new shares for every five shares held, The company's books will remain closed between June 3 and 5 for the purpose.
The shares of the company will be quoted on cum-bonus basis till May 29 and ex-bonus from May 30, the release said.
The company has 41 lakh public shareholders who will be entitled to the bonus shares. The promoters have been excluded from the bonus entitlement.
I think this right time to buy these shares to entitle for bonus shares ... if market falls down due to rise in RBI rates reliance power share will surge up. For more details and latest news you may go to "Reliance power .com"
RE:Buy Reliance power @ marketfall
by karthik r on Apr 28, 2008 01:03 PM Permalink
Hi Swati,
Wat do u feel about the interest rate hike will affect the share prices..will the share prices go high or get low especially steel stocks like JINDAL STEEL etc
RE:Buy Reliance power @ marketfall
by aoneall on Apr 28, 2008 01:24 PM Permalink
That is true. Interest rate increase will affect the profits of the companies because their cost of production will increase. This will affect all sectors and all companies, particularly smaller companies more.
RE:RE:Buy Reliance power @ marketfall
by karthik r on Apr 28, 2008 03:35 PM Permalink
Thanks a lot aoneall.plz give me ur mail id for future clarifications if i to be gt clarified Thanks in advance
RE:Buy Reliance power @ marketfall
by karthik r on Apr 28, 2008 03:34 PM Permalink
Thanks a lot Swati for ur clear explanation. plz give me ur mail id tat would be of immense help for getting some clarifications in the future.my id is kpasva@rediffmail.com. Thanks in advance
