Reliance Power IPO
The market rumors have now become true. Reliance Power IPO is all set to come out soon. According to sources Reliance Energy is planning to take out an IPO for its subsidiary company - Reliance Power. The merchant bankers who will take care of further proceedings will be Enam, JM Financial, JP Morgand and a couple others.
Reliance Power is gunning for the IPO to fund its mega project which needs to be completed soon. The Sasan project is estimated to cost around Rs. 20,000 crore. The company is looking forward to bid for the 4000 megawatt Krishnapatnam project.
The Reliance Power IPO is expected to be of a huge size much bigger than DLF and ICICI. The company plans to raise over 11,000 crores from this.
Tags: Stock Market
arun said,
Wrote on October 8, 2007 @ 9:04 pm
here is the grey market premium information about
reliance power ipo
http://birlaa.com/2007/10/02/reliance-power-ipo-allotment