The country's biggest IPO will close on January 18.
The Sebi order clears the hurdles ahead of the mega IPO of $2.5 billion to $3 billion, which is expected to hit the markets early next year.
In what is in effect a deposit to be paid into court pending a full trial in the case, Judge David Waksman has set a six-week timeline for Anil to pay $100 million to three Chinese banks as he concluded that he did not accept Ambani's defence that his net worth was nearly zero or that his family would not step in to assist him when "push came to shove".
The trading has come to a halt on speculations that the company's IPO is unlikely to hit the market by the second week of December.
Sasan among 5 companies with mega-plans for region.
Core concerns in 5 villages that cover India's largest power plant.
Referring to the Central Bureau of Investigations probe ordered into his family assets, Yadav alleged Congress president Sonia Gandhi and Union Home Minister Shivraj Patil were after him.
One of the main factors that created a big hype for the R-Power initial public offer, said experts, was its grey market premium of over Rs 400 on January 18 -- the day the issue closed. R-Power collected a record $180 billion (Rs 710,000 crore or Rs 7,100 billion) as the issue was subscribed 72 times.
Reliance Power, which is hitting the market next week with an offering of nearly Rs 12,000 crore (Rs 120 billion), will set the trend for a slew of power IPOs from other companies including Sterlite Energy (Rs 4,000-8,000 crore or Rs 40 to Rs 80 billion), JSW Energy (Rs 4,000 crore or Rs 40 billion), JP Associates (Rs 4,000 crore or Rs 40 billion) which have already announced big share offer plans.
The Uttar Pradesh government claimed on Friday it had not acquired any land at Dadri in Ghaziabad district even as opposition members staged a walkout from the Assembly on the Reliance power project issue.
As debt piles up, Anil Ambani's ability to see the asset sale plan through will be crucial
Analysts attribute this outperformance to the government's proactive economic reform measures
Reliance Energy Ltd is planning to buyback part of its equity shares from the market.
All of south Mumbai and parts of central Mumbai are without power on Tuesday after a unit of Tata Power tripped.
The projects coming up in Bihar, Jharkhand and Odisha will together add 16,000 MW capacity to country's power generation.
CEOs fear any change in status of the mines will mean disruption in production, loss of investment and increased production cost for user industries.
As the Sensex continued with its record-breaking show, over 750 stocks hit one-year high levels on the Bombay Stock Exchange on Friday.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Despite the recent fall, the Nifty Midcap 100 index has outperformed by gaining 20 per cent till date in this year calendar year.
Despite the recent fall, the Nifty Midcap 100 index has outperformed by gaining 20 per cent till date in this year calendar year.
Largest deal in thermal power space; Lanco to use proceeds to lower debt.
R-Power, Essar could be hit as state mulls benefit-sharing levy for ecology loss.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
If you have to make money in equities, you need to understand volatility and try to make it your friend, says P V Subramanyam
The company had received a loan restructuring package from banks under the 5/25 scheme last year.
With their balance sheets under stress, private companies have lost interest in them.
Prayas Jain has been arrested for allegedly buying secret documents.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
Executives would analyse information and pass it to seniors.
Three IPO documents were recorded after the new govt took charge - Adlabs, Lavasa Corp and Monte Carlo Fashions.
'At the Asian Games I had a dream, to stand on the podium and have the tri-colour hoisted.' 'I missed one thing in Jakarta -- the national anthem being played.' 'I hope to make it happen at the Olympics by winning gold.'
The good news for the group has come from the port business.
