Profit

Controversy over Reliance Power IPO

PUBLISHED ON: October 24, 2007 | Duration: 2 min, 01 sec

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Like in every high profile IPO, queries about the issue start pouring in way before the issue even got a clearance from the regulator. While it is left to the regulator to take a stand, a retired Judge of the Punjab High Court wrote a letter to SEBI questioning setting up of another company called Reliance Public Utilities Limited or RPUL which is key to Anil Ambani's holding in Reliance Power.
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