Thursday, January 03, 2008

RELIANCE POWER LTD - IPO

Type of Issue : Book Built
Issue Opens: 15 Jan, 2008
Issue Closes: 18 Jan, 2008

Issue Size : 26 Cr (No. of Shares)

Lower Price Band: Rs.450
Upper Price Band: Rs.405
Total Issue Size: Rs.11000 Crores

ISSUE Description:

Reliance Power is currently engaged in the construction and development of various gas and coal based thermal power projects and hydro power projects in various parts of the country.

The issue proceeds are proposed to be utilized for funding subsidiaries to part-finance the construction and development costs of the various projects under development and for general corporate purposes.

Part payment option will be available for investors.

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