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October 4, 2007

REL files DRHP for Reliance Power's IPO

Reliance Energy has filed DRHP for Reliance Power's IPO with Sebi.

Reliance Energy holds 51% in Reliance Power. The company will offer 130 crore equity shares of Rs. 2 face value via this IPO. It includes 16 crore equity shares to promoters and net issue of 114 crore shares to the public, which constitutes 10.1% of power issue capital of the company. Total issue constitutes 11.5% of post issue capital

The issue is being made through 100% book building process.

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