Power Grid Corp approves ₹3,800 crore bond issue
after close1 source ↓written by the desknot a recommendation
- bond issue
- ₹3,800 crore
- 10-year tenure
Power Grid Corporation of India Limited has approved a ₹3,800 crore bond issue to fund its capital expenditure and long-term projects. The bonds, with a 10-year tenure, will be issued in two parts: a base size of ₹1,000 crore and a green shoe option of ₹2,800 crore. This move underscores the company's commitment to infrastructure development and financial stability.
The bonds will be unsecured, non-convertible, and redeemable, with interest paid annually. Listing is planned on both BSE and NSE, which may enhance liquidity for investors.
Not investment advice. For informational purposes only.