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Reliance Power, Shanghai Electric ink $8bn dealIndian billionaire Anil Ambani's Reliance Power inked an $8.3 billion deal with China's Shanghai Electric Group, a contract which both firms touted as the single largest business contract between the two nations. Shanghai Electric will sup More… |
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Reliance Power slumps on debutShares in India's Reliance Power sank as much as 21 percent in a chaotic debut on Monday as valuation concerns and global market turmoil dented investor demand following its $3 billion IPO, the country's largest. Bombay Stock Exchange's be More… |
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Reliance Power share offer sets new recordIndia's biggest initial public share offer by Reliance Power made domestic financial history as investors ordered nearly $200 billion worth of stock, figures have shown. 'I am humbled by the level of respect that Indians have placed in me, More… |
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Reliance Power IPO raises $3bn in a minuteBillionaire Anil Ambani's Reliance Power raised $3 billion within a minute on Tuesday when India's biggest initial public offering was fully subscribed as investors flock to new issues in the booming economy. The issue was covered 10.5 tim More… |
