PowerGrid Infrastructure Funding Belief (PowerGrid InvIT) is owned by the state-owned Energy Grid Company of India. Picture: Reuters PowerGrid Infrastructure Funding Belief (InvIT) shares made a debut at Rs 104 per share, up 4 per cent from the problem worth of Rs 100 per unit. PowerGrid InvIT had a market capitalization of Rs 9,463.99 crore
Power Grid Corporation
he units of PowerGrid InvIT are proposed to be listed on BSE and NSE. Image: Reuters PowerGrid Infrastructure Investment Trust (InvIT) IPO opened for subscription on Thursday, April 29, 2021, in the price band of Rs 99-100 per unit. The units of PowerGrid InvIT are proposed to be listed on BSE and NSE. Through this
The InvIT is sponsored by maharatna PSU, Power Grid Corporation of India, a Sensex listed firm. PowerGrid Infrastructure Investment Trust (InvIT) IPO will open for subscription tomorrow, making it the first InvIT to be sponsored by a state-run firm. PowerGrid InvIT is looking to raise Rs 7,735 crore through the issue which will include a
On successful listing, PowerGrid InvIT could become the first state-owned trust to explore this route to monetise its assets. PowerGrid Infrastructure Investment Trust (InvIT) will knock on the doors of capital markets from April 29 to raise Rs 7,734 crore through an initial public offering (IPO) of its units. The public issue will remain open