Monday, January 7, 2008

Reliance Power IPO To List In Early Feb

Emotions, high energy and a hard sell all intact as Anil Ambani hits the press once again and the marathon runner is in an all talk mode about the country''s largest public offering (IPO). Reliance Power Ltd, the Anil Dhirubhai Ambani Group (ADAG) firm, is set to hit the capital market by early next month, raising close to $3 billion in the country''s largest IPO. So if you are confident to invest your money in shares of a company which is yet to be put up or make money but have his brand ADAG then Reliance Power could be your big bet. For the first time, you will get a 5 per cent discount on an IPO from a power company.

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