'Power Grid Fpo' - 19 News Result(s)

  • Companies mop-up Rs 71,300 crore in FY14; debt market most preferred
    Companies mop-up Rs 71,300 crore in FY14; debt market most preferred

    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.

  • Foreign investor EuroPacific Growth Fund raises stake in Power Grid to over 5 per cent
    Foreign investor EuroPacific Growth Fund raises stake in Power Grid to over 5 per cent

    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.

  • Power Grid FPO price set at Rs 90/share, government to get Rs 1,600 crore
    Power Grid FPO price set at Rs 90/share, government to get Rs 1,600 crore

    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.

  • EGoM to meet on December 10 to decide Power Grid issue price: report
    EGoM to meet on December 10 to decide Power Grid issue price: report

    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.

  • Power Grid sale gets bids for 6.7 times stock on offer
    Power Grid sale gets bids for 6.7 times stock on offer

    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.

  • Power Grid's $1.1-billion share sale fully covered
    Power Grid's $1.1-billion share sale fully covered

    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.

  • Power Grid shares trade flat as FPO opens
    Power Grid shares trade flat as FPO opens

    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.

  • PowerGrid plans to utilise FPO proceeds to partly fund 27 projects
    PowerGrid plans to utilise FPO proceeds to partly fund 27 projects

    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.

  • Power Grid FPO to hit market on December 3
    Power Grid FPO to hit market on December 3

    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.

  • Power Grid seeks shareholder nod for hiking FII limit
    Power Grid seeks shareholder nod for hiking FII limit

    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.

  • Power Grid FPO likely to hit market on December 3: report
    Power Grid FPO likely to hit market on December 3: report

    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.

  • Government appoints 5 merchant bankers for Power Grid FPO: report
    Government appoints 5 merchant bankers for Power Grid FPO: report

    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.

  • Cabinet approves share sale in Power Grid
    Cabinet approves share sale in Power Grid

    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.

  • CCEA likely to take up Power Grid FPO on Thursday: report
    CCEA likely to take up Power Grid FPO on Thursday: report

    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.

  • CCEA likely to take up Power Grid FPO this week
    CCEA likely to take up Power Grid FPO this week

    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.

  • Power Grid follow-on public offer next month; government may raise Rs 1,900 crore
    Power Grid follow-on public offer next month; government may raise Rs 1,900 crore

    State-run transmission utility firm Power Grid Corporation said on Thursday that it expects to launch its follow-on public offer (FPO) next month.

  • Power Ministry to soon float Cabinet note for Power Grid FPO
    Power Ministry to soon float Cabinet note for Power Grid FPO

    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.

  • Govt clears Power Grid FPO, to divest 10% stake
    Govt clears Power Grid FPO, to divest 10% stake

    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 ...

  • Power Grid's Rs 8,600 cr FPO to open in November
    Power Grid's Rs 8,600 cr FPO to open in November

    State-run transmission company Power Grid Corporation today said that its follow-on public offer (FPO), which aims to raise about Rs 8,600 crore, would hit the market in the second week of November. "In all likelihood, in the second week of November, we will be able to bring our FPO. We are hopeful of raising Rs 8,600 crore of which Rs 4,30...

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