Monday, January 06, 2025 | 06:58 AM ISTEN Hindi

Home / Companies / News / PowerGrid to offer Rs 10,384 crore worth of assets in InvIT next week

PowerGrid to offer Rs 10,384 crore worth of assets in InvIT next week

After IndiGrid and IRB InvIT fund, this will be the third publicly listed InvIT for the country and the second in the power transmission sector

“Power grids are getting increasingly vulnerable because of digitalization and the use of more smart applications,” said Daine Loh, a Singapore-based power and renewables analyst at Fitch Solutions

Premium

Shreya Jai New Delhi

2 min read Last Updated : Apr 23 2021 | 11:43 PM IST

India’s largest power transmission company, state-owned Power Grid Corporation of India (PGCIL), will launch its Infrastructure Investment Trust (InvIT) on April 29 — a first for any government sector company.

After IndiGrid and IRB InvIT fund, this will be the third publicly listed InvIT for the country and the second in the power transmission sector.

The firm, in its regulatory filings with Sebi, said that its issue comprises Rs 4,994 crore of fresh issuance and an offer for sale, the amount of which was undisclosed.

“The selling unitholder will be entitled to the proceeds of the offer

Topics : Power Grid Corporation of India Power Grid Corp InvIT

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in