Anil Dhirubhai Ambani Group (ADAG) Reliance Power on Sunday set a 3-for-5-bonus share issue to cheer shareholders after a miserable debut into stock markets following a record three-billion dollars initial public offer (IPO).
Shareholders other than the founders will receive three bonus shares for every five held, effectively reducing the cost of the shares to 269 rupees for retail shareholders compared to a discounted IPO price of 430 rupees.
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