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Tuesday, Apr 25, 2006

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RPL fixes price at Rs 60/share

Our Bureau

Mumbai , April 24

Reliance Petroleum Ltd (RPL) has fixed the issue price for its mega public issue at Rs 60 per share, making the total mobilisation from the public at Rs 2,700 crore.

The company's IPO of 45 crore equity shares of Rs 10 each for the pubic, was an overwhelming success.

The IPO by RPL, promoted by Mukesh Ambani-controlled Reliance Industries Ltd and the US oil major Chevron, was through a book-building process with a price band of Rs 57 to Rs 62.

More Stories on : IPOs | Reliance Industries Ltd

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