Tuesday, 3 December 2013

Power Grid issue subscribed 69% on first day of FPO

The shares are being offered at a price band of Rs 85-90 apiece and the issue would remain 

open till December 5 for institutional buyers and December 6 for retail investors.

The follow-on-public offer (FPO) of  Power Grid Corporation of India  (PGCIL) was subscribed 

69 per cent on the opening day today. Of the 78.70 crore shares offered for sale, total bids for 

54.32 crore shares were received, as per the data available on the bourses.


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