SEBI puts its weight behind small shareholders
Reliance Power Ltd with Anil Ambani at the helm did the unthinkable in 2008 — issued bonus shares even before the ink had dried, as it were, from the share certificates freshly printed on successful completion of its IPO. The unexpected generosity was admittedly a penance on the part of the company for pitching the IPO offer price too high, at Rs 450.
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