Mumbai, Nov. 13
Power Grid Corporation of India has set the issue price for its follow-on public offer at Rs 90 a share. This is at the upper end of the price band that it had announced earlier. Retail investors and employees of the company will get a 5 per cent discount on the offer price, the company said in a late evening communication to the stock exchanges.
PowerGrid's offering, which closed on Friday, was subscribed 14.77 times. It received bids for 1,243 crore shares against 84 crore shares on offer.Related Stories:
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