Power Grid to consider fund raising; stock trades flat - Highlight Investment Research

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Friday 28 June 2019

Power Grid to consider fund raising; stock trades flat

Shares of Power Grid Corporation of India Ltd were trading flat at Rs208.45 on the BSE. The company said in the filing that the board of directors of the company is scheduled to meet on July 03, 2019.
 

Further, the board to consider and approve amongst other items of Agenda, an agenda to raise funds up to ~Rs10,000cr, from domestic market through issue of secured I unsecured, non-convertible, non-cumulative / cumulative, redeemable, taxable / tax-free Debentures / Bonds under Private Placement during the Financial Year 2020-21 in upto 20 tranches / offers, the company said in the filing.

 

Power Grid Corporation of India Ltd is currently trading at Rs208 up by Rs0.45 or 0.22% from its previous closing of Rs207.55 on the BSE.

 

The scrip opened at Rs207.90 and has touched a high and low of Rs209.55 and Rs206.90 respectively. So far 16,70,570 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs1,08,581.65cr.

 

The BSE group 'A' stock of face value Rs10 has touched a 52 week high of Rs211 on 26-Jun-2019 and a 52 week low of Rs173.05 on 14-Feb-2019. Last one week high and low of the scrip stood at Rs211 and Rs197.60 respectively. 

 

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