IPOs

JP Morgan is set to challenge rivals Merrill Lynch and Citigroup in the Indian bookrunner rankings after scooping the mandate on India's biggest initial public offering, the $3bn (Ã¢ÂÂ¬2bn) float of energy company Reliance Power.

Reliance Power appointed the US bank along with ABN Amro, Deutsche Bank, Macquarie Bank, Enam Securities, ICICI Securities, JM Financial, JP Morgan, Kotak Mahindra and UBS. They will sell 260 million shares  on the Bombay and National Exchanges later this month.

JP Morgan set to climb India league tables

Tara Loader Wilkinson

JP Morgan

JM Financial

Reliance Power

Citigroup

Deutsche Bank

Morgan Stanley

Goldman Sachs

Macquarie Bank

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