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Reliance Power Board will give free bonus shares to all it’s shareholders to compensate the losses everyone of us suffered when the company was listed a week ago and now trading at Rs 375.
The company said its board would consider the free bonus shares at a meeting next Sunday, February 24, to benefit over four million of its investors and the cost would be accepted by promoter group by way of diluting its shareholders.
1. RNRL had moved to the court for clarity on orders on February 11.
2. The next hearing on the RIL-RNRL is expected to begin on February 25.
3. The interim order restricts RIL to enter into third party commitments.
4. However please note that whatever be the outcome of RNRL the stock is trading at a high valuations without any fundamnetals and is only shining by virtue of relaince tag.
