PowerGrid is selling about 787 million shares through the FPO in a price band between Rs 85 and Rs 90 per share. The issue closes on December 5 for institutional and high networth investors and on December 6 for retail investors.
The company is offering a discount of Rs 4.5 to retail investors and employees.Shares of the company on Tuesday ended at Rs 93.75, up 0.16 per cent on the NSE.
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