{"id":562060,"date":"2023-03-13T11:26:01","date_gmt":"2023-03-13T05:56:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=562060"},"modified":"2023-03-13T12:37:11","modified_gmt":"2023-03-13T07:07:11","slug":"power-grid-corporation-board-oks-raising-up-to-rs-900-crore-via-bonds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/power-grid-corporation-board-oks-raising-up-to-rs-900-crore-via-bonds\/","title":{"rendered":"Power Grid Corporation board OK\u2019s raising up to Rs 900 crore via bonds"},"content":{"rendered":"<p>State-owned Power Grid Corporation of India on Monday said that its board has approved raising up to Rs 900 crore through issuance of non-convertible bonds on private placement basis.<\/p>\n<p>\u201cCommittee of Directors for Bonds, in their meeting held today i.E. On 9th March, 2023, have approved the raising of unsecured, non-convertible, non-cumulative, redeemable, taxable POWERGRID Bonds-LXXI (71 st) issue 2022-23 on private placement up to Rs 900 crore by securitization of cash flows of 10 years i.E, till FY 2032-33 of its operational SPV viz., \u2018POWERGRID Mithilanchal Transmission Ltd (PMTL)\u2019,\u201d a BSE filing said.<\/p>\n<p>The base issue size will be Rs 300 crore with green shoe option of Rs 600 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Power Grid Corporation of India on Monday said that its board has approved raising up to Rs 900 crore through issuance of non-convertible bonds on private placement basis. \u201cCommittee of Directors for Bonds, in their meeting held today i.E. On 9th March, 2023, have approved the raising of unsecured, non-convertible, non-cumulative, redeemable, taxable POWERGRID Bonds-LXXI (71 st) issue 2022-23 on private placement up to Rs 900 crore by securitization of cash flows of 10 years i.E, till FY 2032-33 of its operational SPV viz., \u2018POWERGRID Mithilanchal Transmission Ltd (PMTL)\u2019,\u201d a BSE filing said. The base issue size will be [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,244,144],"tags":[],"class_list":["post-562060","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/562060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=562060"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/562060\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=562060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=562060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=562060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}