PowerGrid InvIT IPO opens for offering on April 29; check issue size, cost, different subtleties

PowerGrid Infrastructure Investment Trust (InvIT) will thump on the entryways of capital business sectors from April 29 to raise Rs 7,734 crore through a first sale of stock (IPO) of its units. The public issue will stay open for offers by financial backers till May 3. With its public issue, PowerGridInvIT will turn out to be just the third InvIT to list on homegrown stock trades, after IRB InvIT and IndiGrid Trust InvIT. Prior in April, experts had said that more REITs and InvITs could be anticipated after the Union…

Read More