Reliance Power IPO money in Mutual Funds?

Reliance Power IPO which raised RS 11,500 CR in IPO has put to good use only RS 25 cr so far.
Where did the remain money go?
As per the latest Press release, they have invested all of the remaining money in MFs, derivative products from banks and some in the savings.
As per their press release, these investments have earned interest of RS 94.6 crore.

At this point iam concerned on several fronts with the latest press release.
1) I hate to see my IPO money sitting in several investment funds and or banks. I want to see my IPO money used for the purpose they have declared in their IPO prospectus.
2) Depending on when they started investing the IPO money, iam concerned about the losses it may have suffered due to recent market crashes and crash of derivatives market. Almost all of the derivative (exotic and difficult to understand products) are worthless at this point and iam concerned that Reliance Power IPO money may have also experienced losses.

Did Releiance power company executives sought permission before putting our money in risky portfolios? How long will the IPO money stay invested? What is the current market value of all its investments?

Filed under: Finance India, India blogs, Indian Bloggers, Anil Ambani, Reliance Power, Reliance power IPO