Power Grid to Raise Redeemable Bonds worth up to Rs 3,800 crore
Shares of Power Grid are in focus as the state-owned company has announced that the board has approved the raising of bonds for an amount up to Rs 3,800 crore. The base issue size is of Rs 1,000 crore and the Green Shoe Option is at Rs 2,800 crore.
New Delhi: Shares of Power Grid are in focus as the state-owned company has announced that the board has approved the raising of bonds for an amount up to Rs 3,800 crore. The base issue size is of Rs 1,000 crore and the Green Shoe Option is at Rs 2,800 crore.
This is to inform that the ‘Committee of Directors for Bonds’ in their meeting held today i.e. on 17th November, 2025, has approved the raising of Bonds as Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds - LXXXIII (83rd) Issue 2025-26 (for an amount upto Rs. 3,800 Crore) on Private Placement, the exchange filing stated.
The Bonds are redeemable at par in 10 equal annual instalments and interest payment on yearly basis. The coupon rate is to be decided after bidding at Electronic Book Provider (EBP) Platform.
Shares of Power Grid closed at Rs 273.70, up by 0.88% at BSE.