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By siliconindia  |  Monday, 26 April 2021, 09:14 Hrs Power Grid Corporation of India (PGCIL) has set up its Infrastructure Investment Trust (InvIT), and turns as the first public sector company to do so. PGInvIT has offered a price band of 99-100 per unit for the public issue. The issue would initiate from April 29 and terminate on May 3. The InvIT would now raise 4,993.5 crore as a fresh issuance and PGCIL is also providing an offer for sale of Rs 2,742 crore of existing units. PGCIL has offered five ‘initial portfolio assets’ at an enterprise value of 10,384 crore for the offered PGInvIT. K Sreekanth, chairman and managing director, PGCIL says, “Power grid has 18 projects with 22,500 crore investment which are under construction. As per our plans, they will be offered to InvIT in the future. The government has allowed Power Grid to monetise its other TBCB subsidiaries through the InvIT route, which are under construction or

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