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India's Power Grid offer covered 14.5 times by close

MUMBAI, Nov 12 (Reuters) - Power Grid Corp of India's share sale to raise up to $1.7 billion was subscribed 14.5 times by the close of its final day, exchange data showed. The share sale, which opened on Tuesday, had been fully covered on its first day. It had received bids for nearly 10 times the shares on offer by Thursday. (Reporting by Prashant Mehra and Manoj Dharra; Editing by Bryson Hull) ((prashant.mehra@thomsonreuters.com; +91 22 6636 9029; Reuters Messaging: prashant.mehra.reuters.com@reuters.net)) Keywords: POWERGRID SHARESALE/ (If you have a query or comment on this story, send an email to newsfeedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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