PowerGrid Set FPO Price Band At Rs 85-90

PowerGrid Set FPO Price Band At Rs 85-90 Power Grid Corporation has set a FPO price band at Rs 85-90 per share for its FPO of 84,17,68,246 equity shares.

The FPO issue consists a fresh issue of 420884123 shares as well as an offer for sale of 420884123 stocks via the President of India acting through the Power Ministry, Govt of India that is 20percent offer in total.

SBI Capital Markets Limited, Goldman Sachs Securities Ltd, ICICI Securities as well as JP Morgan India Ltd are the books running lead manager for the issue.

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