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Power Grid InvIT issue subscribed 10% on first day
SECTIONS
Last Updated: Apr 29, 2021, 10:01 PM IST
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Synopsis
Power Grid InvIT is looking to raise Rs 7,735 crore through the issue which includes a fresh issue as well as an offer for sale from the sponsor.
Agencies
The InvIT has been touted as a good long-term option for investors looking for assured 10-12 per cent returns as analysts expect the InvIT to comfortably generate that much yield annually.
INSIGHTS
NSE
MUMBAI: MUMBAI: The IPO of the infrastructure investment trust, sponsored by
Power Grid Corporation of India, got off to a slow start on Thursday as the issue was subscribed 10 per cent by the end of the bidding process on Day 1.

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