Reliance Power Listing to Charge Up Indian IPOs

The spin-off from Reliance Energy is expected to attract strong demand even though it has no plants in operation

While Reliance Power may not be a stock for short-term investors to consider, the company is poised to get the Indian IPO market off to a good start this year. The greenfield power producer is seeking to raise between Rs105.3 billion and Rs117 billion ($2.7 billion to $3 billion), which will make it the largest Indian IPO evermdash;ahead of property developer DLF's $2.25 billion deal in June last year.

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