POWERGRID bond issue approved to raise ₹38 billion
after close1 source ↓written by the desknot a recommendation
- as part
- ₹38 billion
- and a greenshoe
- ₹10 billion
- greenshoe option
- ₹28 billion
Power Grid Corporation of India has approved a bond issue to raise ₹38 billion as part of its 2025-26 program. The issue includes a base size of ₹10 billion and a greenshoe option of ₹28 billion. This move aims to strengthen its capital structure and fund ongoing projects.
The bond issuance may enhance liquidity and investor confidence in the company, potentially impacting its stock performance in the near term.
Not investment advice. For informational purposes only.