Fw: Power Grid Corporation India Ltd FPO

The Issue The Issue comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholder. The Offer for Sale The object of the Offer for Sale is to carry out the disinvestment of 420,884,123 Equity Shares of Rs 10 each by the Selling Shareholder. The Company will not receive any of the proceeds from the offer for Sale. The Fresh Issue The objects of the Fresh Issue are to: To meet the capital requirements for the implementation of certain identified transmission projects (Identified Projects) general corporate purposes. Price Band Rs 85 to 90/- per share (Retail & Employee Discount: 5% to the offer price adjusted at the time of allotment) Market Lot: 65 Equity Shares   Minimum Order Quantity: 65 Equity Shares   * The Equity Shares offered by the Selling Shareholder in the Issue have been held by it for more than a period of one year as on the date of filing of this Red Herring Prospectus. The MoP, through its letter (F. No. 11/10/2010-PG) dated July 27, 2010, conveyed the approval granted by the GoI for the Issue, including the Offer for Sale. ** 5% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder will be available for allocation on a proportionate basis to QIBs and Mutual Funds, subject to valid Bids being received at or above the Issue Price. For more information, see �Issue Procedure� on page 376 of the prospectus. Allocation will be made on a proportionate basis. *** In the event of over-subscription, allocation will be made on a proportionate basis, subject to valid Bids being received at or above the Issue Price. # Any under-subscription in the Employee Reservation Portion will be added to the Net Issue. In the event of undersubscription in the Net Issue, spill over to the extent of under-subscription will be allowed from the Employee Reservation Portion. Subject to valid Bids being received at or above the Issue Price, any under-subscription in any other category will be allowed to be met with spill-over from other categories or a combination of categories, at the discretion of the Selling Shareholder and our Company, in consultation with the BRLMs and the Designated Stock Exchange. Disclaimer: This report is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of POWER GRID CORPORATION OF INDIA LIMITED ("PGCIL" / "The Company") and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This report has been prepared from the extracts of the RHP. Any person who subsequently acquires equity shares of PGCIL must rely solely on the Offer Document issued in connection with the FPO, on the basis of which alone subscription for the equity shares may be made. In addition, investors should pay particular attention to the section of the Offer Document entitled "Risk Factors". -- If you do not want to receive any newsletters,visit this link