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This is an archive article published on September 30, 2007

Rel Energy Board approves IPO for Rel Power

Anil Ambani group firm Reliance Energy announced its subsidiary Reliance Power will go public soon.

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Anil Ambani group firm Reliance Energy announced its subsidiary Reliance Power will go public soon.

“The Board approved that Reliance Power, a subsidiary of Reliance Energy, will undertake an initial public offer of equity shares,” a company spokesperson said, immediately after a Board meeting chaired by Ambani.

Reliance Power would shortly approach market regulator SEBI with its draft prospectus (DRHP) for the IPO, he said.

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