Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

Reliance Power Bonus at 3:5

24 Feb 2008Deepak Shenoy1 min read

Quick Facts

What is "Reliance Power Bonus at 3:5" about?
What category is this article in?: Stocks
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 24 February 2008.
How long does this article take to read?: 1 min read
What topics does this article cover?: ReliancePower

So the bonus is here. 3:5 it seems, so if you own five shares, you will soon get 3 more. When? I don’t know, they haven’t announced the record date yet.

How does this work? If promoters don’t get the extra shares then the 10% they have diluted effectively becomes 16%. The share price, and importantly the price of the futures, should adjust only 6% more no? We’ll have to wait and see.

Tagged:ReliancePower