16 May 08 REL Infratel IPO gets SEBI’s nod
REL Infratel IPO has received SEBI’s approval. The draft red herring prospectus which was with SEBI has been approved last week paving the way for the mega 6000 crore REL Infratel IPO. REL Infratel is a subsidiary of the Indian telecom giant Reliance Communications and its IPO has been a much anticipated one by all classes of investors investing in the Indian stock markets. The performance of REL Infratel IPO will have a bearing on the sentiment of the Indian IPO market and will decide the future of IPO’s which have been placed on hold due to the negative sentiments in the IPO market after the failure of the Reliance Power IPO, which has been the largest IPO in India.
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