Reliance Power IPO - Reliance Power Limited IPO doubtful
October 19, 2007
The Reliance Power Limited IPO has become doubtful since the IPO seems to have run into some rough weather. A leading Indian news daily has quoted that the power ministry has referred the IPO of Reliance Power Limited to SEBI. Infact, many analysts tracking the IPO space including a few MP’s have demanded a probe. With MP’s raising protests, Reliance Power IPO turns into a politically sensitive issue. It must be noted that the promoters of Reliance Power Limited are into politics too and hence MP’s from the rival political parties have used this opportunity to allege misdoings by the promoters in the case of Reliance Power Limited IPO. With the markets in a turmoil the IPO is likely to get postponed if it receives SEBI approval. The timing for the IPO is very important since the IPO issue size of Reliance Power Limited IPO. It figures among the top 5 largest IPO’s in the world today.
Posted in IPO India
