INSUBCONTINENT EXCLUSIVE:
This is the first ever facilities financial investment trust offering by a state-owned company in the countryPowerGrid Infrastructure
Investment Trust (PowerGrid InvIT)'s going public (IPO) has actually been subscribed 59 percent at the end of 2nd day of bidding i.e
The concern has actually received quotes for 25,17,42,700 systems out of the 42,54,25,000 units on offer
The shares are priced at Rs 99-100 per unit and the business is looking at raising Rs 7,735 crore.The IPO includes a fresh issue of Rs 4,994
crore and an offer for sale totaling up to Rs 2,741.50 crore
Ahead of the IPO, PowerGrid InvIT raised Rs 3,480 crore from anchor investors
The IPO profits will be used for offering loans to initial portfolio possessions, payment or pre-payment of financial obligation and for
basic purposes.This is the first ever infrastructure financial investment trust offering by a state-owned business in the nation and will be
the 3rd InvIT to be listed on Dalal Street.PowerGrid Corporation of India is the owner of PowerGrid InvIT.
