Celio Auto Desguace

Main Menu

  • Car Dismantling
  • Car Parts
  • Vehicle Disassembly
  • Waste Cars
  • Commerce

Celio Auto Desguace

Header Banner

Celio Auto Desguace

  • Car Dismantling
  • Car Parts
  • Vehicle Disassembly
  • Waste Cars
  • Commerce
Car Dismantling
Home›Car Dismantling›PowerGrid InvIT IPO opens on April 29; price range set at Rs 99-100 / unit, Energy News, ET EnergyWorld

PowerGrid InvIT IPO opens on April 29; price range set at Rs 99-100 / unit, Energy News, ET EnergyWorld

By Gabriela Perkins
April 26, 2021
0
0



New Delhi: Power Grid Infrastructure Investment Trust has set a price range of Rs 99-100 per unit for its initial sale of Rs 7,735 crore shares, which will open for public subscription on April 29. The benchmark investors will open their doors on April 28, according to the company’s statement on Monday.

Power Grid Infrastructure Investment (PowerGrid InvIT) is owned by the Indian company Power Grid Corporation. It will be the country’s first infrastructure investment fund (InvIT) to be launched by a public sector company.

The initial public offering (IPO) includes a new issue of shares worth Rs 4,993.48 crore and a sale offer for Rs 2,741.50 crore by the selling shareholders.

It is proposed that PowerGrid InvIT units be listed on the National Stock Exchange and BSE.

InvITs are mutual fund model instruments and are designed to pool small amounts of money from a number of investors to invest in assets that provide cash flow over a period of time. time.

The proceeds of the offering will be used to make loans to assets in the original portfolio for the repayment or early repayment of debt, including accrued interest, and for general purposes.

The assets of the initial trust portfolio will include five assets – PVTL (PowerGrid Vizag Transmission Ltd), PKATL (PowerGrid Kala Amb Transmission Ltd), PPTL (PowerGrid Parli Transmission Ltd), PWTL (PowerGrid Warora Transmission Ltd) and PJTL (PowerGrid Jabalpur Transmission Ltd)).

PowerGrid InvIT was set up to own, build, operate, maintain and invest as an infrastructure investment trust, as permitted by the InvIT regulation, including in power transmission assets in India.

ICICI Securities, Axis Capital, Edelweiss Financial Services and HSBC Securities and Capital Markets (India) are the main managers of the offer.

While market regulator Sebi first notified regulations for InvITs and REITs (Real Estate Investment Trusts) in 2014, only a few of these funds have listed their units in the country so far.

The regulator has extended various relaxations for the listing of these trusts and these trusts are popular in some advanced markets. SP KKS YEARS YEARS



Related posts:

  1. MoRTH announces rules for setting up registered vehicle scrapping facility
  2. 5 Cheap Movers in Singapore and Other DIY Moving Services, Lifestyle News
  3. Newsom signs bills to tackle homelessness and mental health services
  4. Buyers have warned of the Christmas nightmare; fuel crisis “back under control” – business live | Business

Recent Posts

  • Subway Memories: Robbinsdale seeks new suppliers for yard waste collection
  • Why the Gotham Garage Baja Bug is an off-road-ready Volkswagen Beetle
  • A plane suspected of carrying 8.4 million euros worth of cocaine had traveled to France, Scotland and Belgium
  • Consolidated Collision Services – THE BIG RESULTS GAME
  • Forust presents a new way to use waste wood

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • February 2020
  • January 2020
  • December 2019

Categories

  • Car Dismantling
  • Car Parts
  • Commerce
  • Vehicle Disassembly
  • Waste Cars
  • Terms and Conditions
  • Privacy Policy