Adani power is going to provide 6600 MW of power and one can compare Reliance Power to it and thus can take a cue for its valuations from the stock price of Reliance Power. Thus seeing the stock price of Reliance Power; we can say that one can subscribe to the issue.
As we are aware that Adani Power is opening with an initial public offering of 301,652,031 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process on July 28, 2009 and will close on July 31, 2009. The IPO price band is fixed at Rs 90-100 per share.
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