Central government has appointed 5 merchant bankers, including SBI Caps and Kotak Mahindra, for the upcoming 17 % follow-on public offer of state-run Power Grid Corporation.
Citigroup, ICICI Securities,UBS,SBI Caps and Kotak Mahindra have been appointed as the book running lead managers for the Power Grid FPO, a source close to the development told PTI.The follow-on offer,which is likely to get Cabinet nod today,will comprise 4% stake sale by the central government and the company will also raise fresh equity to the tune of 13 %.
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