"K2T Wisata"
In some good news for the retail investors, the Power Grid Corporation is alloting shares in the ratio of 1:4 due to its over subscription of the issue 3.85 times.
The investors who have applied for a minimum of 65 shares can expect to receive 16-18 shares of the same.
It has been predicted by the retail investors that they can get shares of power grid credited to their demat accounts on or before 24th November and the refund orders will be transfered to their respective accounts via electronic transfer on 25th November.
The power Grid was incorporated in 1989 for transmission of electric power across the country. It generates about 50% of the total power generated in India on its transmission network.
(Only the NEFT or RTGS enabled accounts will get their refund, the rest will get their checks sent at addresses given by them).
No comments:
Post a Comment