Reliance Power

• Reliance Power, which recently entered the capital market with its maiden offer of 22.8 crore shares, is set to allot 15 shares apiece to 43 lakh retail investors, who have applied for 225 shares and above.
• The process of allocation of shares has been concluded and details will be out shortly. Of the 50 lakh retail applicants, while 43 lakh would get 15 shares, about four lakh investors who have applied for less than 225 shares would not get any share and the rest, about 3 lakh, have not been considered due to invalid applications.
• The company sought to raise Rs 11,500 crore. As the issue was subscribed 73 times, it ended up with Rs 4.52 lakh crore (about $119 billion). With the allocation process nearing completion, about Rs 1 lakh crore will be refunded.