Wednesday, January 16, 2008

IPO Response Reflects Confidence, Says FM

The response to mega initial public offer by Anil Ambani group''s Reliance Power seems to reflect the confidence of global investors'' in the future of Indian economy, Finance Minister P Chidambaram said on Jan 15. It is a reflection of world community in the future of India. Investors seem to be confident in the future of Indian economy, said Chidambaram on IPO that hit the Market on Tuesday for mopping up to Rs 11,700 crore.Not only the IPO was fully subscribed within a minute of opening, it generated demand worth over Rs 50,000 crore in less than two hours.

No comments: