"Landep News"
The most recognized company Power grid FPO prices have shot down and the shares have hit a 5% low during the early hours of the 8th of November.
This down trend was followed after the utility of electricity transmission run by the state fixed a price slot up to 1.7 billion USD share sale with the Friday closing discount of 12 to 17 percent as the stock listing is already done the share scale of Power Grid will not create the same impact as that of coal India.
In sighting into the same Karvy Stock Broking firms Vice President Ambarish Baliga says that the discounted price will soon step in as the market price will quickly move out. The share scale of Coal India reached a great high with 15 times the scale and a gain of 40% which was all so spectacular in its debut of trading.
USD 8.5 billion is what the government is aiming at in this year and next. The stake sales are listed in NMDC and NTPC and were completely subscribed. The Rural Electrification Corp marked the increase of share scale for USD 760 million.
Ambarish Baliga further said that the people who own the stock will naturally try and apply for the FPO that is follow on Public Offer. The shares hit a down trend of 3.14% at 98.80 rupees in the market of Mumbai which was low with 0.4 percent. The scale of shares will be up on Tuesday and will end after three days that is Friday.
0 Response to "Power grid FPO prices"
Post a Comment