Reliance Bonus share credit

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Deal Cadet
vicky191in310

Did anyone received Reliance bonus shares ?the stock already went ex-bonus today

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Deal Lieutenant Deal Lieutenant
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Deal Cadet Deal Cadet
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So if share crashes we won't be able to do anything for two weeks,it didn't took this long to get credited earlier.

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Deal Cadet Deal Cadet
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Received -WE ARE DELIGHTED TO INFORM YOU xxx BONUS SHARES OF RELIANCE INDUSTRIES ARE CREDITED TO A/C xxxx9799. TRADING AWAITED. HAPPY DHANTERAS AND SHUBH DEEPAWALI-NSDL

Deal Cadet Deal Cadet
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btw whats the logic of bonus form company's pov & buyer's pov when shares will be @ loss of 50% = market capitalization lost for company & a buyer who invested 1 share @ Rs100 will now have 2 shares @ Rs50 ?

Can someone explain whats the benefit of this bonus drama ?

Deal Cadet Deal Cadet
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Share credited at zero expenditure, liquidity of shares will increase,buying interest,goodwill,no tax implications

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