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PGCIL monetizes Rs.2,736 crore from asset sale to PGInvIT

CTC Bangladesh-1 | T&D India

Power Grid Corporation of India Ltd (PGCIL) has monetized Rs.2,736.02 crore by way of sale of five of its special purpose vehicles to Powergrid Infrastructure Investment Trust (PGInvIT).

Here is a step-by-step account:

    1. Powergrid Warora Transmission Ltd
    2. Powergrid Parli Transmission Ltd
    3. Powergrid Jabalpur Transmission Ltd
    4. Powergrid Kala Amb Transmission Ltd
    5. Powergrid Vizag Transmission Ltd

 

Note: According to InvIT regulations, PGCIL will, at any point in time from the date of listing, hold a minimum of 15 per cent of the total number of units issued by PGInvIT. As on the date of listing, around 910 million units of PGInvIT were allotted and 15 per cent of these, which is 136.5 million units, will be locked-in with PGCIL, as discussed in the story.

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