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Reliance Petro fixes IPO at Rs 57-62

April 05, 2006 14:04 IST
Source:PTI
Mukesh Ambani-controlled Reliance Petroleum is understood to have fixed a price band of Rs 57-62 for its initial public offer to raise over Rs 5,000 crore (Rs 50 billion).

The offer of RPL, a subsidiary of flagship Reliance Industries Ltd, is likely to open on April 13, market sources said. RPL is coming out with the IPO to part-finance its Rs 27,000 crore (Rs 270 billion) greenfield refinery in Jamnagar, Gujarat.

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Source: PTI
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