Rajiv Sethia

India is Thirsty for Energy: Will the Bulls Take Notice?

The $3bn Reliance Power IPO (=10.1% of the company) last month in Mumbai was oversubscribed 73 times. (The IPO price was Rs 450, now at Rs 375, but the company announced a "bonus" issue of 3 shares for every 5 held to only the IPO allottees to take care of the losses on listing). Ticker is RPOWER.NS, but US based investors cannot invest.