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Old 10th March 2016, 05:46 PM
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Join Date: May 2012
Default Re: FPO Power Grid Corporation Of India

Incorporated in 1989, Power Grid Corporation of India Limited (PGCIL) is Indian government owned, public sector enterprise. PGCIL is in the business of transmission of electric power in India


Hey buddy at present no latest follow-on public offer (FPO) has been releared by the power grid corporation of India but it was released last in the year of the 2013 I am givng you the details for that


The government fixed the issue price for the sale of Power Grid Corporation of India shares at Rs 90 apiece, the upper end of the band, which would fetch about Rs 7,000 crore.

The follow-on public offer (FPO) of the state-run transmission utility last week saw bids for 530 crore shares, or 6.74 times the 78.7 crore shares on offer.


AIM of the FPO

The object of the issue are to:

1. Carry out the disinvestment of 185,189,014 Equity Shares of 10 each by the Selling
Shareholder.

2. Meet the capital requirements for the implementation of certain identified transmission
projects ("Identified Projects"); and

3. General corporate purposes.



Detailed info for the FPO proclamation

Issue Open: Dec 3, 2013 - Dec 6, 2013

Issue Type: 100% Book Built Issue FPO

Issue Size: 787,053,309 Equity Shares of Rs. 10

Issue Size: Rs. 6,958.64 Crore

Face Value: Rs. 10 Per Equity Share

Issue Price: Rs. 85 - Rs. 90 Per Equity Share

Market Lot: 150 Shares

Minimum Order Quantity: 150 Shares

Listing At: BSE, NSE
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