Author: Power Peak Digest Team Pub Date: December 19, 2024

Power Grid Corporation of India Limited (PGCIL) has approved raising up to Rs 42.50 billion through the private placement of bonds.

The funds will be raised under the Powergrid bonds – LXXX (80th Issue), which are unsecured, non-convertible, non-cumulative, redeemable, and taxable. 

The issue includes a base size of Rs 10 billion and a green shoe option of Rs 32.50 billion.

These bonds will have a 10-year tenure with annual interest payments. The interest rate will be determined through bidding on the electronic book provider platform.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *