India Grid Trust’s IPO opens today – Price band set at Rs. 98 to 100 / share

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India Grid, IPO, Infrastructure Investment, Power Grid, India Grid Trust, an infrastructure investment trust (InvIT) to raise Rs. 2250 Crore Initial Public Offering (IPO), which will open for bidding from Wednesday, 17 May 2017 and will close on 19 May.

The IPO commands a price band of Rs. 98 -100 per unit. India Grid Trust is established to own inter-state power transmission assets in India. Sterlite Investment Managers and Sterlite Power Grid Ventures are the investment manager and sponsor, respectively of InvIT.

Bids can be made for a minimum of 10,206 units and in multiples of 5,103 units later on, which are proposed to be enlisted on the BSE and the NSE platform. Citigroup Global Markets India, Morgan Stanley India and Edelweiss Financial Services are the lead managers to the IPO.

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