Reliance Industries Ltd announced a 1:1 bonus share issue, the first time in 12 years.
According to a proposal approved by the RIL board on Wednesday, all shareholders will get one free share for every share held by them.
Around 35 lakh shareholders will benefit from this so called ‘Diwali bonus’. The last bonus issue (also 1:1) by RIL was in 1997.
The RIL board also proposed an interim dividend of Rs 13 per share for 2008-09. The dividend will entail an outgo of Rs 2,219 crore, including Rs 322 crore in taxes, said a senior company official. The board also approved the audited results of RIL for the year ended March 31, 2009.
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1 calls Hits target 1 sl taken and 1 booked at costs
Buy relcap above 915 sl 895 tgt 935-945 r3 #time# Buy relcap above 915 sl 895 tgt 935-945 r3 #time#
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BUY LNT 1725 SL 1700 TARGET 1750-1771 RANK3
SL TAKEN
short icici bank 941 sl 955 tgt 926-911 r2 #time#
TGT REACHED
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OPTIONS CALLS:
7.10.09
1. #time# BUY OCT TISCO 520 CA BETWEEN 21-23, 22.30 NOW, SL 17.90, TGTS LATER.
NO PROFITS NO LOSS
2. #time# BUY OCT 4900 CE BETWEEN 220-230,225 NOW,SL 189,1st TARGET 245.IF 245 REACHED,RAISE SL TO COST AT 225,IF 245 NOT REACHED,ORIGINAL CALL HOLDS.
#time# MAKE AN EXIT IN 4900 CE NOW AT 210, CALL OVER. ALSO TISCO ,OUT AT COST NOW
LOSS = 220 - 210 = Rs.500
3. #time# BUY OCT 4900CE BETWEEN 205-215, 208 NOW, SL 189,1ST TGT 228
#time# SMALL SL TAKEN IN 4900CE NOW AT 189, MAKE AN EXIT.
LOSS = 205-189 = Rs.800
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