Although it is still a greenfield company that wonÆt generate any power or revenues for another two years, the strong investor support allowed the spin-off from Reliance Energy to raise Rs117 billion $3 billion. Of the total, $369 million worth of the shares were bought by the companyÆs promoters as agreed before the offering.
When the deal closed on Friday, investors other than the promoters had subscribed for 73 times the shares available...
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