Got good response from roadshows: Power Grid
Dec 03, 2013
Power Grid FPO oversubscribed 1.08 times on Day 1
Nov 09, 2010
On March 31, 2014 17:14 (IST)
The bond market was initially monopolised by NBFCs but towards the later part of the fiscal, investors also saw tax free bonds being issued from state-owned firms.
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 03, 2013 12:01 (IST)
The follow-on-public offer (FPO) for 17 per cent stake sale in Power Grid Corporation of India (PGCIL), which is expected to garner Rs 7,083 crore, opened today.
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 also said that increasing the limit would provide more headroom for foreign investments in it.
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 price. The issue is likely to remain open from December 3-5, according to sources.
On November 08, 2013 15:24 (IST)
The follow-on offer, which is likely to get Cabinet nod today, will comprise 4 per cent stake sale by the central government and the company will also raise fresh equity to the tune of 13 per cent.
On November 07, 2013 18:48 (IST)
In September, Power Grid said in a statement to the Bombay Stock Exchange that it will also issue 601.9 million new shares, or 13 percent of its existing paid-up capital, as part of the follow-on share sale.
On November 06, 2013 16:47 (IST)
At current prices, the government could get over Rs 1,782 crore from the disinvestment, while the company would get over Rs 5,793 crore from the sale of fresh equity.
On October 27, 2013 19:15 (IST)
The follow-on public (FPO) will comprise of 13 per cent fresh equity by the public sector company and 4 per cent stake sale by the central government.
On October 25, 2013 01:24 (IST)
State-run transmission utility firm Power Grid Corporation said on Thursday that it expects to launch its follow-on public offer (FPO) next month.
On September 12, 2013 14:17 (IST)
Calculated on the basis of current market price (Rs 99 apiece), the company is expected to mop up over Rs 4,100 crore through the FPO.
On November 25, 2011 11:43 (IST)
The government on Thursday approved disinvestment in transmission firm PowerGrid Corporation through a follow-on public offer to raise about Rs 8,400 crore. The Cabinet Committee on Economic Affairs gave its nod to the 20 per cent follow-on offer (FPO) by PowerGrid, an official statement said. The company would issue 10 per cent fresh ...