Thursday, December 27, 2007

Reliance Power IPO

  • Reliance Power is a 51% subsidiary of Reliance Energy.
  • The company is estimated to raise up to Rs 12,000 crore through the proposed public offer.
  • One of largest IPO in India
  • SEBI has directed that 20% of the equity held the promoter group be locked in for a period of five years, instead of the mandatory three years as per the guidelines on IPOs.
  • Expected to open first week of January

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