Power Grid Corporation of India has filed draft papers with the Securities and Exchange Board of India (SEBI) for floating an Infrastructure Investment Trust (InVIT) through which it seeks to raise more than Rs 5,000 crore. This will be the first InVIT in the country to be floated by a public sector company. The offer includes fresh issue as well as offer- for-sale. The PowerGrid InVIT units are proposed to be listed on the National Stock Exchange and the BSE.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
