PowerGrid InvIT IPO to open on April 29; price band fixed at Rs 99-100
The company informed that the net proceeds from the offer will be utilised towards providing loans to the initial portfolio assets for repayment or pre-payment of debt, including any accrued interest, and for general purposes
BusinessToday.In | April 27, 2021 | Updated 15:11 IST
The price band for the share sale has been fixed at Rs 99-100 per unit
The initial public offering (IPO) of PowerGrid Infrastructure Investment Trust, owned by state-run Power Grid Corporation of India, will open for subscription on April 29. The price band for the share sale has been fixed at Rs 99-100 per unit.
Fidelity Asian Values Plc - Half-year Report
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Financial Highlights:
The Company s NAV rose by +22.5% over the six-month period.
The Company s share price increased by +27.7% compared with a +20.0% return of the Comparative Index.
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Anna-Marie Davis
PERFORMANCE REVIEW
Over the six month period ended 31 January 2021, the net asset value ( NAV ) of Fidelity Asian Values PLC rose by 22.5% and the share price by 27.7%, compared with a 20.0% return of the Comparative Index. While these numbers are encouraging, longer-term performance is not as strong as I would have hoped for.
In Asia, there was an expectation that investors would rotate out of growth stocks and into value names in the last quarter of 2020 in the hope that value would benefit from an economic recovery. However, this trend has not played out to the extent we expected and stock selection was the key driver of the Company s relative performance.
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PowerGrid InvIT IPO: Subscription opens on Thursday; check price band and more
Power Grid Infrastructure Investment Trust has fixed a price band of Rs 99-100 per unit for its Rs 7,735 crore initial share sale, which will open for public subscription on April 29. The issue will close on May 3 and the bidding for anchor investors will open on April 28, according to the company s statement on Monday.
Power Grid Infrastructure Investment (PowerGrid InvIT) is owned by state-run Power Grid Corporation of India. This will be the first Infrastructure Investment Trust (InvIT) in the country to be floated by a public sector company.
PowerGrid InvIT IPO to hit D-Street on Thursday; price band at Rs 99-100
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The units of PowerGrid InvIT are proposed to be listed on bourses BSE and NSE.
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NEW DELHI: The initial public offering of
PowerGrid Infrastructure Investment Trust (InvIT) will hit the market on Thursday, April 29. Units will be available for bidding in a price band of Rs 99 to Rs 100 in the PowerGrid InvIT IPO, which will close on Monday May 3.
The issue is an InvIT set up to own, construct, operate, maintain and invest as an infrastructure investment trust, including in power transmission assets in India.
Power Grid InvIT IPO: What should investors know before investing?
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Power Grid Infrastructure Investment Trust has fixed a price band of Rs 99-100 per unit for its Rs 7,735 crore initial share sale, which will open for public subscription on April 29.
The issue will close on May 3 and the bidding for anchor investors will open on April 28, according to the company s statement on Monday.
Free Press Journal had reported that the state-run Power Grid Corporation was likely to launch its first-ever InvIT (infrastructure investment trust) IPO next week, quoting news reports.
Here s what investors should know:
The IPO by a state-owned firm on April 29 will be a landmark deal for the Indian capital markets. Earlier in 2017, IRB InvIT and India Grid Trust went public.