Updates
India Grid Trust has submitted to BSE a copy of guidance note for distribution of India Grid Trust for the Financial Year 2017-18.21-06-2017
21-06-2017
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for DB International (Asia) Ltd15-06-2017
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Schroder Investment Management (Singapore) Ltd13-06-2017
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deutsche Bank AG,08-06-2017
India Grid Trust to list on bourses on Tuesday
The IPO of India Grid Trust, second in the infrastructure investment trusts, or InvITs, space, was subscribed 1.17 times03-06-2017
IndiGrid InvIT IPO subscribed 1.33 times
The initial public offer of IndiGrid InvIT got oversubcribed 1.33 times on the final day. While the portion set aside for institutional investors was subscribed 1.14 times, that for...19-05-2017
IPO Review: IndiGrid's InvIT is high on stability but low on yield
Being the second to list its investment trust (InvIT) and the first in the power transmission segment, IndiGrid's initial public offering is interesting. Backed by Sterlite Power Grid Venture (SPG) as the sponsor, IndiGrid may offer investors an opportunity to directly participate in India's power transmission and distribution (T&D) theme. Ambit Capital in its report mentions that InvITs in the T&D space may be a better bet among listed companies given the limitation of capital misallocation that can take place under the InvIT structure. OperationsAssets of IndiGrid would be derived from its sponsor SPG, which is among the leading independent power transmission companies in the private sector. It owns 11 inter-state power transmission projects having a total network of 30 power transmission lines (7,733 circuit kilometres or ckms) and nine substations having 13,890 mega volt amps (MVA) of transformation capacity. Out of the 11 projects, SPG would transfer two projects to...16-05-2017