Reliance Power's $3billion IPO..

Word has it that the $3billion IPO was oversubscribed 10 times! The Anil Ambani group's IPO generated a demand of close to Rs 100,000 crore ($25.2billion) within four hours of start of the book building process.

Anil Ambani, one of India's billionaire Ambani brothers, couldn't pick a better time for an initial public offering of his Reliance Power Ltd., an electrical-generation company. Four publicly traded companies that he controls all turned in market- beating performances last year.

Rivalries aside, the past year has seen been exceptionally great to both Anil and elder brother Mukesh (getting them both on the Forbes Top 5 list).

Speaking of which , Mukesh was here in Kuwait on Jan 11th at the National Bank of Kuwait as a apart of their International Advsiory Board.[link]