Reliance Power announces June 2 as bonus entitlement date

April 25th, 2008 - 8:30 pm ICT by admin  

Mumbai, April 25 (IANS) The Anil Ambani-promoted Reliance Power will offer bonus shares to the shareholders whose names appear in the register of members as of June 2, 2008. 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, a company release said.

The company’s books will remain closed between June 3 and June 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 4.1 million public shareholders who will be entitled to the bonus shares.

However, the promoters have been excluded from the bonus entitlement.

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