Power Grid Corporation of India Limited got listed on Friday at Rs 85 at the Bombay Stock Exchange with a premium of 63.46 per cent over its issue price of Rs 52.
Within minutes of listing, the scrip of the country's biggest transmission utility touched a high of Rs 100 and as many as 28.86 lakh shares changed hands at the BSE.
At the National Stock Exchange, the scrip got listed at Rs 89.80, touched a high of Rs 99.90 and over 8.36 crore shares were traded.
The company got listed with over 420.88 crore equity shares at an issue price of Rs 52 per share.
The proceeds would be used to part finance 15 projects that entail a total investment of Rs 12,280 crore (Rs 122.8 billion). PGCIL owns and operates 61,875
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