Business Standard

Reliance Petro May Shelve Gdr Float

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BUSINESS STANDARD

Reliance Petroleum Ltd (RPL) is reviewing its proposal to float a GDR issue in the light of the changed circumstances in overseas markets, Anil Ambani, RPL managing director, said here today.

Reliance Petroleum had proposed an international offering of $1 billion in which existing shareholders would get the option of tendering shares.

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First Published: Nov 01 2001 | 12:00 AM IST

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