Profit

SC clears Reliance Power IPO

PUBLISHED ON: January 9, 2008 | Duration: 2 min, 21 sec

  
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Anil Ambani's Reliance Power has won a major reprieve on Wednesday after the Supreme Court cleared the way for the company's mega Initial Public Offer. The court on Wednesday stayed the Gujarat high court proceedings against the launch of the IPO. Reliance Power intends to raise Rs 10,500 crore through what is tipped as the country's biggest IPO.
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