Board Meeting17 Apr 2024, 07:39 pm
POWER GRID CORPORATION OF INDIA LTD. to Raise up to Rs. 12,000 Crore through Unsecured, Non-convertible Bonds in FY 2024-25
AI Summary
The Power Grid Corporation of India Ltd. announced in a Board Meeting held on 17th April, 2024 that they plan to raise unsecured, non-convertible, non-cumulative, redeemable, taxable bonds worth up to Rs. 12,000 Crore during FY 2024-25. The details regarding the tranches, allotment dates, coupon rates, and other specifics are yet to be decided.
Key Highlights
- Power Grid Corporation of India intends to raise bonds worth up to Rs. 12,000 Crore during FY 2024-25
- The bonds to be issued as unsecured, non-convertible, non-cumulative, redeemable, taxable type
- Details of the tranches, allotment dates, coupon rates, etc. yet to be announced