Reliance Power Limited (RPL) has lodged a complaint with SEBI against 29 individuals who were belived to be carrying out campaign against the Reliance Power IPO.
Market sources claimed that the complaint with SEBI carries names from different sections ranging from Parliament Members, State Legislators and to those in Reliance Industries Limited.
An RPL spokesperson said, “We have filed a formal complaint with Sebi to investigate the disinformation campaign launched against Reliance Power IPO.”
Sources also claimed that the Sebi complaint relates to forging of letters by individuals while petitioning various government offices against REL projects being passed on to RPL.
The issue all started later when the company has filed its DRHP with SEBI for IPO and slowly the media reports have been building up regarding the irregularities in the IPO, claiming that the Reliance Energy’s power projects are being moved to Reliance power creating a loss to the Reliance Energy Investors.
It would be interesting to see how things turn up in the coming days for the much talked about Reliance IPO.
0 comments ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment