It is interesting to see the Reliance Power hoardings all across the city. Most people in Bangalore were asking - "Wow, is reliance getting into power too?" Some others who know that Reliance Power already is on full force in Mumbai and other parts of the country were wondering whether Reliance was entering Karnataka. It took a few days (in the initial period) when it dawned that the the company was planning a IPO. The public offer will open on January 15 and close on January 18. Shares will be sold in a price band of Rs 405-450. Rediff reports that Billionaire Anil Ambani has revealed that Reliance Power Ltd is likely to list on the bourses by early next month. "We are expecting to list in the first week of February," Ambani told reporters in Mumbai, while announcing the IPO plans for his group company Reliance Power Ltd.
The market capitalisation of Reliance ADAG group, which is over Rs 3,25,000 crore (Rs 3, 250 billion) would surge significantly after the listing of Reliance Power. Think about it.
Meanwhile there are other biggies too planning IPOs and that includes the SBI, Air India, ICICI Bank and many others. So it may be a good year for IPOs as 2007 was.
Meanhwile there is an interesting article in the International Herald Tribune on Iraqi war veterans in the US. Titled "Iraq veterans leave a trail of death and heartbreak in U.S."
http://www.iht.com/articles/2008/01/13/america/vets.php?page=2, the story has been researched by 7 journalists.
It is an interesting study of how these war veterans, not all but a few of them - but large enough to warrant a serious look into - have ended up committing homicide and some suicide. In some cases the attack was against muggers and the like.
One wonders what happens to our troops who have been in such places or nearer home, in Kashmir and the North East?
