Rel Pwr IPO gets over $100 bn bids from foreign investors
Speaking at a press conference, Anil Ambani, Group Chairman and CEO, Reliance ADAG said the Reliance Power IPO has got over USD 100 billion bids from foreign investors. He added that it is the largest IPO in the Asia Pacific power sector, reports CNBC-TV18.
The issue price is fixed at Rs 450 per share and the price is upper limit of price band. Retail investors will get a discount of Rs 20 per share, he added. The IPO will have 50 lakh retail investors on listing. Reliance Power will list in early February, he stated. According to Ambani, Reliance Power has no equity dilution plan as of now.
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