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Reliance power falls at debut on Indian market

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Added on: Feb 12th, 2008

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Mumbai, 11 Feb, 2008 : Reliance Power, which last month made India's largest-ever initial public offering of $3 billion, fell at its debut at the stock market on February 11th dropping more than 3 percent in turbulent opening trade. The utility, part of the Anil Dhirubhai Ambani Group, was sold out within a minute when it had opened its record IPO in January priced at 450 rupees a share, at the top of the pricing band.
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