Reliance Power to consider bonus share

Anil Ambani group on Sunday announced to consider free bonus shares
to all non-promoter shareholders in Reliance Power, while alleging
that corporate rivals were pulling down share prices of all group
companies.

Reliance Power also demanded a probe by market regulator SEBI
into "a vicious and orchestrated campaign of market manipulation and
market abuse unleashed by unscrupulous rival corporate interests to
hammer down all Reliance ADA stocks".

The company said its board would consider the free bonus shares at a
meeting next Sunday, February 24, to benefit over four million of
its investors and the cost would be accepted by promoter group by
way of diluting its shareholders.

The company said that promoters would accept the dilution in their
shareholding in the broader interest of investors.