Power Grid Corporation: Outcome of board meeting

Nov 30, 2013, 12.24 PM IST

Power Grid Corporation of India has informed that the price band for Power Grid follow on offer is fixed at Rs. 85 to Rs. 90 per share. A discount of Rs. 4.50 (which is 5 percent of the top end of the price band) will be available to retail investors and eligible employees on the issue price on allotment.

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Power Grid Corporation: Outcome of board meeting

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Power Grid Corporation of India Ltd has informed BSE that the Price Band for POWERGRID Follow on Offer is fixed at Rs. 85 to Rs. 90 per Share. A discount of Rs. 4.50 (which is 5% of the top end of the price band) will be available to Retail Investors and eligible Employees on the issue price on allotment. The price band has been approved by the Company's Board of Directors in its meeting held on November 29, 2013.Source : BSE

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