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POWERGRID Infrastructure Investment Trust declares distribution of Rs. 3 per unit

PGInvIT completes 100% acquisition of POWERGRID Vizag Transmission

The acquisition through its 3 SPVs of additional revenues accruing to these SPVs on account of change in law aggregating to Rs304 crore.

POWERGRID InvIT Rs 5K cr IPO opens on April 29

POWERGRID InvIT Rs 5K cr IPO opens on April 29 ​ By IANS | ​ 7 Views Power demand. (File Photo: IANS). Image Source: IANS News Mumbai, April 26 : The initial public offering (IPO) of units of POWERGRID Infrastructure Investment Trust ( POWERGRID InvIT ), an InvIT set-up to own, construct, operate, maintain and invest in infrastructure and power transmission assets in India, will open on Thursday, April 29, 2021 at a price band of Rs 99 to Rs 100. The offer closes on Monday May 3, 2021. POWERGRID InvIT is issuing Units aggregating up to Rs 4,993.484 crore and the Selling Unitholder is offering Units aggregating up to Rs 2,741.508 crore. As per the schedule, the Anchor Investor Bidding Date shall be one Working Day prior to the Bid/Offer Opening Date i.e. April 28, 2021.

POWERGRID Infrastructure Investment Trust to open IPO of its Units on April 29, 2021 and close on May 3, 2021

Power Grid launches PGInvIT, could offer 18 more assets in future

State-owned largest power transmission company Power Grid Corporation of India (PGCIL) launched its Infrastructure Investment Trust (InvIT), becoming the first public sector company to do so. After IndiGrid and IRB InvIT fund, Power Grid InvIT (PGInvIT) will be the third publicly listed InvIT in the country and second in the power transmission sector. PGInvIT has offered a price band of Rs 99-100 per unit for the public issue. The issue will open on April 29 and close on May 3. The InvIT will raise Rs 4,993.5 crore as fresh issuance and PGCIL is also providing an offer for sale of Rs 2,742 crore of existing units. PGCIL has offered five ‘initial portfolio assets’ at an enterprise value of Rs 10,384 crore for the proposed PGInvIT.