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Rel Power trades at discount in early trades(Business Standard 11th Feb 20011)Reliance Power, subsidairy of Reliance Energy, today listed at Rs 548 - a premium of 27.4% to its issue price of Rs 450 - on the Bombay Stock Exchange (BSE).The stock touched a high of Rs 600, and a low of Rs 401, and is trading at Rs 404 - a discount of nearly 11% - in early trades.Meanwhile, the BSE index, Sensex has slipped 296 points to 17,169.Reliance Power IPO was subscribed approximately 70 times and attracted over 5 million bids from all categories of domestic and international investors with aggregate commitment of over Rs 7,50,000 crore, as against the issue size of Rs 11,560 crore. More
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