By Our Staff Reporter
Mumbai, Apr 25:
Reliance Power Limited today announced date of closure of its Register of Members from June 3 to 5, 2008 for determining the entitlement of shareholders to the Bonus shares to be issued by the Company.
As approved by the shareholders of the Company, Reliance Power will issue Bonus shares in the ratio of three new equity shares of Rs 10 each for every five existing equity shares of Rs 10 each held, to the public shareholders of the Company.
The bonus shares will be issued to those shareholders whose names appear in the Register of Members as at the end of the close of business hours on Monday, June 2.
Reliance Power, a part of Reliance - Anil Dhirubhai Ambani Group, is India's leading private sector utility Company.
The group currently has a market capitalisation of over Rs.2,78,000 crore, net worth in excess of Rs.40,000 crore, cash flow of Rs.9,000 crore, net profit of Rs.5,000 crore and zero net debt.