Anil Ambani,the chairman of the multi billion dollar group is in a mood to raise another Rs 6,000 crore from the markets sooner than later.Its hardly been a fortnight when they announced the country’s largest IPO to draw Rs 11,560 crore from the equity markets and now they are back again with a plan to off load 10% from RTIL(Reliance Telecom Infrastructure Limited).

The red herring prospectus will be drafted with SEBI in the coming days.The company is now valued by the analyst at staggering Rs 50,000 to Rs 60,000 crores roughly.The company has already sold off 5% stake to a group of institutional investors in the month of July 2007 at Rs 1,400 crores.

So that means the company was then valued at Rs 28,000 crores and now its valued almost double at Rs 60,000 crores.This is basically due to increase in the number towers from 14,000 then to 40,000 by the end of this fiscal.It also has plans to add another another 20,000  towers next year.

Rcom has a presence in all the 23 circles in India and RTIL is in a plan to invest around Rs 16,000 crores this year and Rs 8,000 crores next year.So theres some tough planning going on in the mind of Mr.Anil Ambani.But one thing is yet to be clear is the timing of this IPO as the markets are still recovering from the last months crash.We need to wait and watch when the issue will actually be opened for the public.Till then lets expect the Reliance Power IPO gives some sort of boost to the market.

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