UP Govt files cases against Anil's Company
New Delhi, Feb 6, 2008 : Anil Ambani Group's Reliance Infratel Ltd appears to be facing major problems in Uttar Pradesh, where the Mayawati government has filed over five dozen cases of property and stamp duty disputes against the company, which is planning an IPO to raise Rs 6,000 crore.
According
to
the
draft
red
herring
prospectus
most
of
the
cases
filed
by
the
UP
government
against
Reliance
Infratel
pertain
to
property
disputes
and
payment
of
stamp
duty.
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Story first published: Thursday, February 7, 2008, 15:39 [IST]