Anil Ambani Tries to Recharge Reliance Power

Mumbai (ABC Live): The reliance power led by Anil Ambani is indicating positive signs to its share holders with news to issue free bonus shares to non promoter share holders.

Mumbai (ABC Live): The reliance power led by Anil Ambani is indicating positive signs to its share holders with news to issue free bonus shares to non promoter share holders.

The company official spokesperson alleged that its opponents in business are forcing the shares prices of their company down wards.

Meanwhile ADAG has demanded SEBI to look into market manipulations unethically by rival corporate on company different shares.

The board of directors of Reliance power l on February 24 would meet to decide to issue bonus shares at promoters cost.

To mention, it is clear that Reliance Power share was listed at rate 547,8 INR but on its debut day reached low at 372INR.

This reaction to market response to its one of the mega issue ‘Reliance Power’ is considered as late move by bull Gurus to whom ABC Live talked about ADAG move.

As per them Anil Ambani should know the possible risks factors of his corporate rivals before the debut of Power in Indian bullion markets and should be ready with much cash liquidity to counter any move in markets