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Reliance Power Ltd IPO

01/04/2008:
Reliance Power Ltd (RPL) will be offering its initial public offering this month and which will be the largest by any Indian company to date. The IPO was announced by Chairman, Mr Anil Ambani. The IPO will raise as much as Rs 11,500 crore of capital with the issue opening on January 15 and closes January 18. RPL is a subsidiary of Reliance Energy Ltd (REL) and owns 50 percent stake in the company. Part of the raised captial will be used to build six power projects across India.

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