By IANS
Mumbai : The initial public offering (IPO) by Reliance Energy has created a world record by garnering an astronomical $190 billion.
“It will be go down as the largest ever subscription in any IPO anywhere in the history of global capital markets,” a beaming Anil Ambani said here Saturday.
“The IPO came at a time when the Indian markets and global markets were down. The IPO attracted a record subscription of $100 billion from foreign investors, which equals 40 percent of India’s foreign exchange (Forex) reserves,” he added.
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