Power Grid Fpo Allotment Date
November 23, 2010 by Post Team
SK Chaturvedi, chairman and CEO of Power Grid Corporation came to the surface and made an announcement on the share capital of Power Grid Corporation, which will list on the stock exchanges on 23 November 2010.
However, the date of the award base is yet to be determined. Monitoring Power Grid Corporation of India, in offering to raise up to 1.7 billion and was subscribed by 14.88 times as investors found reasons to participate in the history of India’spower. The offer attracted bids worth $ 9.3 million and foreign investors, exchange data showed, fueled by record cash flows in India shares this year.
The company has set an issue price of 90 rupees per share, in the upper end of the price band of 85 to 90 rupees. However, retail investors and employees will receive shares of allotment at R 85.5, a discount of 5% to issue price.
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