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Stocks

Reliance Power Bonus at 3:5

So the bonus is here. 3:5 it seems, so if you own five shares, you will soon get 3 more. When? I don’t know, they haven’t announced the record date yet.

How does this work? If promoters don’t get the extra shares then the 10% they have diluted effectively becomes 16%. The share price, and importantly the price of the futures, should adjust only 6% more no? We’ll have to wait and see.

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