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Tina Ambani Birthday – Box office Flop for Reliance Power Investors

February 11, 2008

Feb-11th is the day when the first lady of ADAG group, Tina Munim Ambani celebrates her Birthday. Unfortunately, the day turned out to be a Valentine Mismatch for the ADAG group chairman Anil Ambani. His Dirty Energy IPO closed at Rs 373 a massive 17% discount to issue price after trading below Rs 445 for most of the day.

All the Anil Ambani group companies were hammered mercilessly adding to the blood bath on the street.

Reliance Energy Down 18.72%.
Reliance Communications Down 9%
Reliance Capital Down 11%
RNRL Down 17%
AdLab Films Down 16%

One thing is for sure, Anil Ambani has a steep hill to climb and prove that he can execute mega projects in record time and only then the thumbs down given to his group companies will be reversed.

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