https://www.taxtmi.com/news?id=11922 Approval of a Follow-on Public Offer for Power Grid Corporation authorizes issuance and sale of equity equal to 17 percent of existing paid-up capital, comprising a fresh issue to raise resources for capital expenditure and an offer for sale by the President of India. The proceeds will finance PGCIL's investment programme over the next two financial years and support compliance with regulated equity contribution norms; implementation will follow upon receipt of necessary approvals in accordance with terms and conditions. en-us Fri, 08 Nov 2013 09:50:55 +0530 Fri, 08 Nov 2013 09:50:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11922 Approval of a Follow-on Public Offer for Power Grid Corporation authorizes issuance and sale of equity equal to 17 percent of existing paid-up capital, comprising a fresh issue to raise resources for capital expenditure and an offer for sale by the President of India. The proceeds will finance PGCIL's investment programme over the next two financial years and support compliance with regulated equity contribution norms; implementation will follow upon receipt of necessary approvals in accordance with terms and conditions. News - Fri, 08 Nov 2013 09:50:55 +0530 https://www.taxtmi.com/news?id=11922