POWERGRID InvIT IPO: Price band, Date of opening to Bid Lot, all details highlighted by Axis Capital
POWERGRID InvIT IPO: The POWERGRID Infrastructure Investment Trust (PGInvIT) was formed on September 14, 2020 by the sponsor, Power Grid Corporation of India Ltd. (“POWERGRID”) as an irrevocable trust. The Investment objectives of the Trust is to carry on the activities of and to make investments as an infrastructure investment trust as permissible in terms of the InvIT Regulations and the Trust Deed, says Axis Capital
Axis Capital says the POWERGRID InvIT IPO is of Units aggregating upto Rs 7,734.99 Cr (Fresh Issue of Units aggregating upto Rs 4,993.48 Cr and Offer for Sale of units upto Rs 2,741.51 Cr): Reuters