State-owned Power Grid Corporation of India has fixed price band for its proposed Follow-on Public Offer (FPO) at Rs 85-90 per share. A 5% discount will be available to retail investors and eligible employees at the issue price on allotment. The FPO worth around Rs 7,600 crore comprises of 84 crore equity shares of Rs 10 each representing 20% of existing paid-up capital of the PSU.
Read morePower Grid Corporation fixes FPO price band at Rs 85-90 per share