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Power Grid Corporation of India to raise Rs 3,000 crore

BS Reporter 

of India is planning to raise Rs 2,000-3,000 crore this week by way of private placement of bonds, said a merchant banker familiar with the plans of the company. According to the merchant banker, it will be a strip bond and the maturity tenure will range between four and 15 years. The bidding starts Thursday.

First Published: Thu, February 14 2013. 00:26 IST