SEBI order not to affect RPL IPO issue allocation

Mumbai, Apr 28: Reliance Industries Limited (RIL) today clarified that investors in the just concluded Reliance Petroleum Ltd's (RPL) Initial Public Offer (IPO) will not face any problem in RPL issue allocations, which will be over in a couple of days.

''Market regulator SEBI's order debars Karvy and other involved companies from taking up any future business however does not ban them from conducting businesses taken up in the past,'' clarified Reliance spokesperson when contacted.

''Allocation of RPL IPO issue should be over in a couple of days,'' the Reliance official added.

UNI