Anil Ambani may become the richest Indian?

Richest Indian

Anil Ambani may become the richest Indian billionaire with the Reliance Power IPO,in January.

This may increase Anil Ambani’s wealth by $ 11 billion,which will then be more than $50 billion.

Ambani holds 44 % stake in Reliance Power.

Reliance Power IPO

Reliance Power plans to issue 26 crore equity shares and the IPO will raise around Rs 11000 crores to Rs 12000 crores.

The expected price of the issue may be at Rs 410 to Rs 450 per share.

This may become the biggest issue of equity shares in the Country.

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