Power Grid Corporation of India fixes price band of Rs. 85 to Rs. 90 for follow-on Offering

The Price Band for Power Grid Corporation of India Ltd's Follow on Offer is fixed at Rs. 85 to Rs. 90 per Share. A discount of Rs. 4.50 (which is 5% of the top end of the price band) will be available to Retail Investors and eligible Employees on the issue price on allotment. The price band has been approved by the Company's Board of Directors in its meeting held on November 29, 2013.

Shares of Power Grid Corporation of India Ltd was last trading in BSE at Rs.95.05, up by Rs.0.65 or 0.69%. The stock hit an intraday high of Rs.95.40 and low of Rs.93.50.

The total traded quantity was 5.36 lakhs as compared to 2 week average of 2.06 lakhs.

Source : Equity Bulls

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