Power Grid Board approves fund raising up to Rs 6,000 crore on Private Placement basis
The Size of the bonds issue is LXXXI (81st) Issue for 2025-26. The Base Issue Size is Rs. 1,500 Crore and the green-shoe option size is Rs 4500 crore with total size at Rs 6,000 crore.
Government-backed Power Grid has announced through an exchange filing that Committee of Directors for Bonds has approved for the raising of Bonds which are unsecured, non-convertible 81st issue upto Rs 6,000 crore on Private Placement basis.
According to the filing made, the‘Committee of Directors for Bonds’ in their meeting held today i.e. on 04th April, 2025, has approved the raising of Bonds as Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds-LXXXI (81st) Issue 2025-26 (for an amount upto Rs. 6,000 Crore) on Private Placement.
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The Size of the bonds issue is LXXXI (81st) Issue for 2025-26. The Base Issue Size is Rs. 1,500 Crore and the green-shoe option size is Rs 4500 crore with total size at Rs 6,000 crore.
Shares of the Power Grid are trading are trading at Rs 297.00, down by 0.65%. The stock has been corrected up to 17% in past one month.
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