Reliance Shares
This query is : Resolved
26 February 2008
Hey Friends!! CAN ANYONE TELL ME ABOUT THE BONUS ISSUE MADE BY RELIANCE RECENTLY...MY QUESTION IS THE BONUS ISSUE WERE MADE OUT OF SECURITIES PREMIUM OF COMPANY OR WERE ISSUED FROM PROMOTERS QUOTA?
IF ANYONE CAN ANSWER...THANKS IN ADVANCE
IF ANYONE CAN ANSWER...THANKS IN ADVANCE
S.Srinivasaraghavan
(Expert)
26 February 2008
Securities Premium.
27 February 2008
SECURITIES PREMIUM AND NOT FROM PROMOTER QUOTA
28 February 2008
are u sure? bcoz i have got news that the reliance board of directors have give up their issue and alloted the same to shareholders as bonus.
07 March 2008
THE 3:5 BONUS DECLARED BY RELIANCE POWER BOARD I BELIEVE IS FROM SHARE PREMIUM BECAUSE SEC 78 OF COMPANY'S ACT ALLOW THE SAME.
THE CONFUSION IN THE QUERY IS DUE TO THE FACT THAT PROMOTERS DID NOT OPT FOR BONUS FOR PROMOTER QUOTA, BUT ONLY FOR PUBLIC PORTION ALONE.NO PROPMOTER GETS BONUS. ONLY PUBLIC.
R.V.RAO
THE CONFUSION IN THE QUERY IS DUE TO THE FACT THAT PROMOTERS DID NOT OPT FOR BONUS FOR PROMOTER QUOTA, BUT ONLY FOR PUBLIC PORTION ALONE.NO PROPMOTER GETS BONUS. ONLY PUBLIC.
R.V.RAO
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