Energy to file DRHP for Reliance Power issue in next few days, according to sources.
Kotak Mahindra Capital and JM Financial are lead managers to the issue. Reliance
Power is likely to raise around $2.5-3 billion.
declined to comment on speculation. Management says, "Not the company''s policy
to comment on rumours and speculation".
Power is a 51-per cent subsidiary of Reliance Energy. This company will execute
the Sasan Power Project, which was recently allotted to Reliance Energy by the
Power is looking at projects with an aggregate capacity of 16 GW and its EPC business
outstanding order book stands at Rs5,000 crore.