May 04, 2021 01:38 PM IST
The funds will be refunded to ineligible investors around May 11 and the listing of PowerGrid InvIT will take place around May 17, 2021.
- May 03, 2021 11:22 AM IST
PowerGrid InvIT raised Rs 3,480 crore by issuing 34,80,74,100 units to marquee anchor investors on April 28.
- Apr 29, 2021 10:22 AM IST
Brokerages give a thumbs up, citing strong lineage and support from the sponsor, solid financial positioning, consistent and stable cash flows, strategic and critical nature of power transmission business, and a skilled and experienced investment manager
- Apr 29, 2021 07:49 AM IST
It has been decided to allocate 34,80,74,100 units at Rs 100 apiece to 47 anchor investors, aggregating the total to Rs 3,480.74 crore, according to a circular uploaded on BSE website.
- Apr 28, 2021 09:33 AM IST
Power Grid Corporation is required to hold 15 percent stake in the InvIT and the rest by public unitholders.
- Apr 26, 2021 11:04 AM IST
The PowerGrid InvIT IPO comprises a fresh issue of Rs 4,993.48 crore and an offer for sale of 2,741.51 crore by selling unitholders.