GENERAL18 Sept 2026
Maharatna PSU stock Power Grid to raise ₹5,000 crore through bonds: Check issue size, tenure and details | Stock Market News
Power Grid Corporation has approved raising up to ₹5,000 crore through privately placed bonds. The issue has a ₹1,000 crore base size and a ₹4,000 crore green shoe option. These unsecured bonds will list on BSE and NSE, run for 10 years, and repay annually from year four. The coupon isn't decided yet, so this is a company fundraising move, not a public offer.
Key Statutory Highlights
- Power Grid's Committee of Directors approved the bond plan on September 18, 2026, and the money will be raised through private placement.
- The bonds are unsecured, taxable and will be listed on both the BSE and NSE.
- The coupon rate, interest payment schedule and principal payment details will be finalised after bidding on the Electronic Book Provider platform.
Actionable Advice for Taxpayers / Founders:If you follow PSU bonds, simply note this issuance and wait for the coupon announcement after bidding; treat it as information only and speak to your advisor before taking any investment decision.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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