This article was first published 19 years ago

Reliance Petro fixes IPO at Rs 57-62

Share:

April 05, 2006 14:04 IST

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.

Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Discussion Group.

Share:

Moneywiz Live!