The response to
mega initial public offer by Anil Ambani group's Reliance Power seems to reflect the confidence of global investors' in the future of Indian economy, Finance Minister P Chidambaram said on Tuesday.
"It is a reflection of world community in the future of India... Investors seem to be confident in the future of Indian economy," Chidambaram told PTI on IPO that hit the market this morning for mopping upto Rs 11,700 crore (Rs 117 billion).
Not only the IPO was fully subscribed within a minute of opening, it generated demand worth over Rs 50,000 crore (Rs 500 billion) in less than two hours.
Reliance Power public issue is the first IPO from the Anil Ambani group, which came into existence in June 2005,
v_1">