On December 23, 2013 22:13 (IST)
EuroPacific Growth Fund, one of the largest shareholders in Power Grid, has hiked its stake in the state-run utility to 5.4 per cent after acquiring additional shares through open market.
On December 10, 2013 21:15 (IST)
Retail investors and eligible employees will get a discount of Rs 4.50 a share on the issue price, Power Grid said in a filing to the BSE. The price band for the FPO was Rs 85-90 apiece.
On December 08, 2013 21:38 (IST)
The Empowered Group of Ministers on disinvestment will meet on Tuesday to decide the issue price for allotting a 17 per cent equity of Power Grid Corporation, whose follow-on-public offer (FPO) was subscribed about seven times, according to a source.
On December 06, 2013 20:13 (IST)
The level of demand indicates healthy investor appetite despite Asia's third-largest economy growing at its slowest pace in a decade and political uncertainty in view of a general election to be called by May.
On December 04, 2013 16:06 (IST)
A $1.1-billion share sale in Power Grid was fully covered on Wednesday, the second day of the offering, provisional data from the stock exchanges showed.
On December 02, 2013 21:00 (IST)
Power Grid Corporation of India Ltd (PGCIL), which expects to raise Rs 7,083 crore through a follow-on public offer, plans to utilise the proceeds partly to fund its 27 transmission line projects worth over Rs 48,354 crore.
On November 29, 2013 23:56 (IST)
Power Grid Corporation of India (PGCIL) will hit the markets with a follow-on-public offer (FPO) for a 17 per cent stake sale in it on December 3. The issue is expected to fetch Rs 7,083 crore to the exchequer.
On November 27, 2013 16:41 (IST)
Power Grid, which is expected to come out with its FPO in December, has sought shareholders' approval for hiking shareholding limit by foreign institutional investors (FIIs) in the state-run company to 30 per cent from existing 24 per cent. It has al...
On November 24, 2013 20:20 (IST)
An Empowered Group of Ministers (EGoM) on disinvestment, headed by Finance Minister P Chidambaram, is likely to meet on Friday to decide on the price band for PGCIL disinvestment, which is expected to raise around Rs 7,400 crore at current stock pric...