PowerGrid issues non-convertible bonds worth Rs 600 cr

PowerGrid issues non-convertible bonds worth Rs 600 cr

The issue is by securitization of cashflows of 10 years i.e. till FY 2032-33 of its operational SPV viz. “POWERGRID NM Transmission Limited (PNMTL)”

FPJ Web DeskUpdated: Friday, March 24, 2023, 12:11 PM IST
article-image
PowerGrid issues non-convertible bonds worth Rs 600 cr | Image: Wikipedia (Representative)

Power Grid Corporation of India informed that the Committee of Directors for Bonds, in their meeting held today i.e. on 24th March, 2023, have approved the raising of Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds-LXXII (72nd) Issue 2022-23 on Private placement upto Rs. 600 cr, via an exchange filing.

The issue is by securitization of cashflows of 10 years i.e. till FY 2032-33 of its operational SPV viz. “POWERGRID NM Transmission Limited (PNMTL)”.

The disclosure is in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

RECENT STORIES

Zomato And Blinkit Parent Eternal Receives ₹3.7 Crore GST Demand From West Bengal, Says It Has...

Zomato And Blinkit Parent Eternal Receives ₹3.7 Crore GST Demand From West Bengal, Says It Has...

Sensex, Nifty Likely To Be Stock-Specific In 2026, Not Broad-Based: Report

Sensex, Nifty Likely To Be Stock-Specific In 2026, Not Broad-Based: Report

Govt Pegs India's GDP Growth Rate At 7.4 Per Cent For 2025-26

Govt Pegs India's GDP Growth Rate At 7.4 Per Cent For 2025-26

Mumbai Leads India’s Ride-Hailing Market In 2025 With High Late-Night And Weekend Uber Trips:...

Mumbai Leads India’s Ride-Hailing Market In 2025 With High Late-Night And Weekend Uber Trips:...

Sebi Extends Deadline For New MF Distributor Incentives, Additional Commission Structure To Start...

Sebi Extends Deadline For New MF Distributor Incentives, Additional Commission Structure To Start...