The board of directors of Power Grid Corporation has approved a plan to raise up to Rs 5,000 crore through issuance of bonds through private placement. The base issue size has been fixed at Rs 1,000 crore, with an additional 'Green Shoe Option' of Rs 4,000 crore.
At a meeting held on October 22, 2024, the Bonds Committee declared that the bonds will be unsecured, non-convertible, non-cumulative, exchangeable and taxable POWERGRID bonds.
These bonds are redeemable at par at the end of the 10th year, with interest payments made annually.
31199
62399
188
299
919
1562
31459
63599
34906
69812
13369
26699
15075
42000
38004
76008
6094
10359
759
1999
399
699
2180
3000