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PowerGrid InvIT IPO subscribed 61%


The issue received bids for 25.81 crore units as against 42.54 crore units on offer.
The initial public offer (IPO) of POWERGRID Infrastructure Investment Trust (PowerGrid InvIT) received bids for 25,81,63,400 units today, 30 April 2021, as against 42,54,25,000 units on offer, as per the National Stock Exchange of India (NSE) website data at 17:00 IST. The issue was subscribed 0.61 times.
The issue opened for bidding on Thursday, 29 April 2021 and it will close on Monday, 3 May 2021. The price band of the IPO is fixed at Rs 99-100. An investor can bid for a minimum of 1,100 units and in multiples thereof.
The IPO of units in PowerGrid InvIT consists of a fresh issue of units aggregating upto Rs 4993.48 crore and an offer for sale of units aggregating upto Rs 2741.50 crore by Power Grid Corporation of India. ....

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Sun TV Network Ltd gains for fifth session


Sun TV Network Ltd is quoting at Rs 536.35, up 3.25% on the day as on 12:49 IST on the NSE. The stock is up 40.68% in last one year as compared to a 59.38% gain in NIFTY and a 40.85% gain in the Nifty Media.
Sun TV Network Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 536.35, up 3.25% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.56% on the day, quoting at 14811.85. The Sensex is at 49391.32, down 0.75%. Sun TV Network Ltd has added around 14.04% in last one month.
Meanwhile, Nifty Media index of which Sun TV Network Ltd is a constituent, has added around 1.04% in last one month and is currently quoting at 1553.55, up 0.51% on the day. The volume in the stock stood at 81.59 lakh shares today, compared to the daily average of 21.65 lakh shares in last one month. ....

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