STOCK MARKET DESK

Anil Ambani-promoted Reliance Power on Sunday said it will give three bonus shares for every five shares held by its shareholders. The board of directors at its meeting today considered and approved a bonus issue excluding promoters, as per which three shares would be allotted for every five held. This issue would benefit over four million investors in the company and the cost would be borne by the promoter group by way of diluting its stake.