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PowerGrid to offer Rs 10,384 crore worth of assets in InvIT next week

After IndiGrid and IRB InvIT fund, this will be the third publicly listed InvIT for the country and the second in the power transmission sector

“Power grids are getting increasingly vulnerable because of digitalization and the use of more smart applications,” said Daine Loh, a Singapore-based power and renewables analyst at Fitch Solutions
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Shreya Jai New Delhi
India’s largest power transmission company, state-owned Power Grid Corporation of India (PGCIL), will launch its Infrastructure Investment Trust (InvIT) on April 29 — a first for any government sector company.
 
After IndiGrid and IRB InvIT fund, this will be the third publicly listed InvIT for the country and the second in the power transmission sector.
 
The firm, in its regulatory filings with Sebi, said that its issue comprises Rs 4,994 crore of fresh issuance and an offer for sale, the amount of which was undisclosed.
 
“The selling unitholder will be entitled to the proceeds of the offer

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First Published: Apr 23 2021 | 7:44 PM IST

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