POWERGRID Infrastructure Investment Trust declares distribution of Rs. 3 per unit

The Board of Directors of POWERGRID Unchahar Transmission Limited – the Investment Manager to POWERGRID Infrastructure Investment Trust ("PGInvIT"), in its meeting held today on Thursday, July 27, 2023 has, considered and approved the declaration of distribution of Rs. 3.00 per unit for the quarter ended June 30, 2023, comprising Rs. 2.03 per unit as interest, Rs. 0.20 per unit as taxable dividend, Rs. 0.24 per unit as exempt dividend, Rs. 0.52 per unit as repayment of SPV Debt and Rs. 0.01 per unit as treasury income.

The record date for the distribution to the unitholders will be Wednesday, August 02, 2023 and the payment of distribution will be made on or before Friday, August 11, 2023.

Shares of POWERGRID Infrastructure Investment Trust was last trading in BSE at Rs. 116.59 as compared to the previous close of Rs. 116.46. The total number of shares traded during the day was 94509 in over 3075 trades.

The stock hit an intraday high of Rs. 117.02 and intraday low of 115.98. The net turnover during the day was Rs. 10991442.00.

Source : Equity Bulls

Keywords

PowerGridInfrastructureInvestmentTrust InvIT Distribution Interest