Tuesday, February 05, 2008

Reliance Power to list on February 11

MUMBAI: More news on the IPO front. Reliance Power will be listed on February 11 while Wockhardt has sought permission from regulators to extend the subscription period by a day.

R-Power, part of the Reliance Anil Dhirubhai Ambani Group, will debut on the stock exchanges, subject to all regulatory and other approvals.

According to a company release, the company has credited its shares to the demat accounts of the successful allottees in the IPO.

The equity shares will be listed on both the Bombay Stock Exchange and the National Stock Exchange.

Reliance Power IPO attracted over five million bids from all categories of domestic and international investors with aggregate commitment of over Rs 7,50,000 crore, as against the issue size of Rs 11,560 crore.

With around 42 lakh shareholders, Reliance Power will be the largest shareholder base company among the companies listed on the stock exchanges.

Meanwhile, it is learnt that Wockhardt Hospitals’ request for extension is awaiting Sebi approval.

The issue is scheduled to close on February 5. It is believed the request is awaiting Sebi approval. (Bennett , Coleman & Co Ltd holds 1.55% of the post-public issue equity capital of Wockhardt Hospital)

Source : economictimes.indiatimes.com

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