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Power Grid eyes up to Rs 1,900 crore via bond sale
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MUMBAI: Power Grid Corporation is likely to raise up to 1,900 crore next week through the issuance of 10-year bonds, which will have an annual redemption structure for investors.
The bond issue is likely to have a base size of 500 crore and a greenshoe option of 1,400 crore, sources said.
“They will most likely look at August 23 for the bidding,” a source said.
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