Reliance Power Drops Issue the 3:5 bonus issue for its shareholder

When Reliance Power Ltd failed to swing the mood of the markets on the day of its listing, investors felt let down by the hype generated around the biggest initial public offering... When Reliance Power Ltd failed to swing the mood of the markets on the day of its listing, investors felt let down by the hype generated around the biggest initial public offering (IPO) in Indian history। Compensating shareholders for the fall in its share price after listing, the company today proposed an issue of free bonus shares to the investors, excluding the promoters, in the ratio of 3:5 (3 shares for every 5 shares held).