Power Grid Corporation of India Ltd approves fund raising

The Committee of Directors of Power Grid Corporation of India Ltd for Bonds, in their Meeting held today i.e. on 9th March, 2023, have approved the raising of Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds-LXXI (71st) Issue 2022-23 on Private placement upto Rs. 900 Crore by securitization of cashflows of 10 years i.e., till FY 2032-33 of its operational SPV viz., "POWERGRID Mithilanchal Transmission Limited (PMTL)".

Shares of Power Grid Corporation of India Limited was last trading in BSE at Rs. 227.95 as compared to the previous close of Rs. 227.05. The total number of shares traded during the day was 170184 in over 2489 trades.

The stock hit an intraday high of Rs. 228.35 and intraday low of 225.75. The net turnover during the day was Rs. 38668047.00.

Source : Equity Bulls

Keywords

PowerGridCorporationofIndia INE752E01010 FundRaising PrivatePlacement