Indian billionaire gives bonus shares to common folks

February 18, 2008 11:17 am

first time i see such a thing. PR stunt or do you think he really cares?? 

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India’s Reliance Power Ltd RPOL.BO plans to issue bonus shares to all equity holders other than the founders, hoping to cheer retail investors after the firm’s shares tumbled following a record $3 billion IPO. This will include a proposal for issuing free bonus shares to all categories of shareholders excluding the promoter group, thereby protecting investors from even short-term losses on their shareholdings,” it said.

read the rest published by Reuters here:

http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSSP29411320080217?pageNumber=1&virtualBrandChannel=0

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