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Abhishek loses over Rs 1 cr on Reliance Power IPO

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March 3rd, 2008 · No Comments

  Abhisheks big goof-up

In its article the Mid-Day writes “Junior Bachchan put in close to a whopping Rs 1,000 crore, which is almost 10 per cent of the IPOs value, hoping for a substantial allotment and good returns. That he lost over Rs 1 crore on Day 1 itself is a different story.

abhishek.jpg

Documents with MiD DAY reveal that Abhishek applied for a mind-boggling  2,19,00,000 (Two crore nineteen lakh in words, as applications often ask) shares at Rs 450 base value. Thats a whisker away from Rs ONE THOUSAND CRORE.”

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