Reliance Power IPOoversubscribed in 60sec
11/14/0922Share, Capital and
4th March, 2008; Tuesday,
9.55 am: The Anil Ambani-controlledReliance Power opens for stocksubscription in the Rs 405-Rs 450 range.
9.56 am: History is created — the stock isoversubscribed. By evening the Rs 11,600-crore issue is oversubscribed a staggering10.55 times. And it’s still three days to gobefore subscriptions close.