Follow-on public offering’ shares of Power Grid Corporation of India – country’s largest electricity transmission utility – listed on the exchanges today. The stock touched a 52-week low of Rs 94.

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Power Grid FPO Allotment Date, Power Grid FPO Allotment Update

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Power Grid FPO Price Band Fixed At Rs. 90

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Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd , talks about Power Grid.

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Power Grid subscribed 14.58 times on final day

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Power Grid FPO Subscription, nearly 10 times on the third day

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Nirmal Bang has advised investors to ‘Subscribe’ to follow-on public offer of Power Grid Corporation.

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Swastika Investmart is of the view that Power Grid Corporation is recommended for portfolio with long-term perspective. It expects the stock to touch target of Rs 115-120 in next 9-12 months.

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