A Reliance Capital Company
Company Search 45
Open an Account  | Login  | Demo
Thursday, October 11, 2007
Real news in Real Time! National and international updates on all products by leading agencies such as Dow Jones, Capital Markets, Commodities Control and more.
Equity   |   Derivatives   |   IPO   |   Commodity   |   Mutual Funds   |   Forex   |   Insurance   |   Mobile

OVERVIEW

Capital Market Live News    Dow Jones News Wire    Derivatives/F&O News    Advanced Search   
Commodity News    Forex News   


IPO News
Oct 5 2007 10:02AM
Power Grid shares rise 63 percent on debut

MUMBAI, Oct 5 (Reuters) - Shares in state-run power transmission firm Power Grid Corp of India <PGRD.BO> <PGRD.NS> made their debut at 85 rupees on Friday on the BSE, up 63.46 percent from the initial offer price of 52 rupees per share.

The shares were trading at 91 rupees at 09.56 a.m. (0426 GMT) on the BSE on a volume of 43.86 million shares.

The company raised 29.84 billion rupees through the 573.9 million share issue, which includes a fresh offer of 382.6 million shares and sale of 191.3 million shares by the government.

The federal government's holding will come down to 86.36 percent from 100 percent after the issue. The proceeds from the issue will help fund 15 transmission projects worth 127 billion rupees.

((Reporting by Kaustav Roy, editing by Sunil Nair; Reuters Messaging: [email protected], +91-22-6636-9000)) Keywords: POWERGRID LISTING/

  Source:   

Back
 
 
News
 
Research
 
Markets
 
Knowledge Center
 
Charting
 
Customer Service
 
Contact Us
 
Site Map
 
SEBI | BSE | NSE
Terms & Conditions | Disclaimer | Online Privacy | Trouble Logging in
Copyright© 2007. All rights Reserved. Reliance Money Limited
Equities: Trading through Reliance Securities Limited | NSE SEBI Registration Number Capital Market :- INB 231234833 | BSE SEBI
Registration Number Capital Market :- INB 011234839 | NSE SEBI Registration Number Derivatives :- INF 231234833 Commodities : Trading through Reliance Commodities Limited | MCX member code: 29030 | NCDEX member code: NCDEX-CO-05-00647|
NMCE member code: CL0120 Mutual Funds : Reliance Securities Limited | AMFI ARN No.29889
In case of any grievances please write to [email protected]
In case of any queries/ complaints with respect to stock broking transactions executed on this website or pertaining account opening, Pl.address your correspondence to Reliance Securities Limited.