Power Grid FPO likely to hit market on December 3: report

An Empowered Group of Ministers (EGoM) on disinvestment, headed by Finance Minister P Chidambaram, is likely to meet on Friday to decide on the price band for PGCIL disinvestment, which is expected to raise around Rs 7,400 crore at current stock price. The issue is likely to remain open from December 3-5, according to sources.