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Journalism of Courage
The government has found no evidence of rigging in the Initial Public Offer (IPO) of Reliance Power by the promoters or merchants bankers, the Rajya Sabha was informed on Tuesday. “No evidence of rigging by promoters or merchant bankers has come to the notice of the government,” Finance Minister P Chidambaram said in a written reply to a query whether there was any rigging by promoters and merchant bankers in the IPO of Reliance Power, whose shares closed at a 17 per cent discount to the issue price on listing day on February 11.
