The follow-on-public offer (FPO) of Power Grid Corporation of India opens today. The 17 percent stake sale in the state-run company is expected to garner up to Rs 7,083 crore. The price band for the issue has been fixed at Rs 85-90 a share. The company may garner close to Rs 5,717 crore, while the government will get around Rs 1,758 crore.
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