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Reliance Power IPO

By LIFS February 4, 2008 at 11:00 AM
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Reliance Power raised $3 billion in India's biggest initial public offering ever.

The 228 million shares listed were snapped up in under a minute and the float was four times oversubscribed. The stock sold represented 10% of the power station firm, which is now valued at $30 billion.

Reliance Power is run by billionaire chairman Anil Ambani. 

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Odds & Ends | Magazine | February 2008

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