On 6 December 2021, RateGain Travel Technologies managed to garner as much as Rs. 598 crores from 34 anchor investors. This IPO is opening for subscription on 7 December 2021 and will close on 9 December 2021. In its BSE filing, the company mentioned that it had allocated around 1,40,90,136 shares to anchor investors at …
According to its latest annual reports, LIC (Life Insurance Corporation) had lowered its net NPA (Non-Performing Assets) to 0.05% in the financial year ended in March 2021. Its NPAs as of 31 March 2021 stood at Rs. 35,129.89 crores out of a total portfolio of Rs. 4,51,303.30 crores. This is lower than the net NPA …
Top LIC executives said in one of their engagements with overseas shareholders in the run-up to its biggest IPO that the firm expects to submit its IPO papers with the market regulator by January’s 3rd week. Officials from the finance ministry have been claiming for months that LIC will be listed before the end of …
The Commerce and Industry Ministry has decided to set a draft cabinet note on a proposal for 100 per cent foreign direct investment in government-owned refineries. If approved, it could pave the way for privatising Bharat Petroleum Corporation Limited, the second-biggest oil refiner in India. A detailed look into the issue As per ministry sources, …
Powergrid InvIT (Infrastructure Investment Trust) in India owns, constructs, operates, maintains and invests in power transmission assets in India. It is owned by PowerGrid Corporation of India which is run by the state, hence inviting a lot of intrigue from investors all over India. Powergrid InvIT IPO Updates [LIVE] May 03: Day 3 At 05:00 …
Powergrid InvIT shares launched in the price range of Rs 99-100 apiece today as one of the largest IPO ever to hit Indian primary market. The offer size of Rs 7734 crores comprised primary and secondary components of Rs 4,993.5 and Rs 2,741.5 crore respectively. According to market researchers the InvIT is a good opportunity …
The Powergrid InvIT IPO (Infrastructure Investment Trust) has caught the interest of several investors. One of the main reasons for this is that the company is owned by PowerGrid Corporation of India which is run by the state. This article focuses on the company details and financial details of Powergrid InvIT while also providing information …
InvIT is a unique investment vehicle aimed to create a source of income for investors by investing in infrastructure projects. Powergrid InvIT will invest in various infrastructure development projects to strengthen interstate power transmission – its primary mission. Infrastructure investment trust (InvIT) functions like a mutual fund, allows investors to invest in various infrastructure assets …
It’s IPO call for the PSU power ‘Maharatna’, Powergrid Corporation of India, which prepares to go public on April 29, 2021. The proposed IPO size of Rs 7,734,99 crores contains prime components worth Rs 4,500 crores. The rest of Rs 2,741.50 crore is OFS units. Powergrid Corporation of India Limited is a PSU that belongs …
Powergrid InvIT IPO opens for subscription today. It is the first-ever InvIT IPO by a public sector unit and creating a lot of buzz in the market. For interested investors, it is critical to know the highlights of the offer to make a sound decision. InvIT IPO is different from the common IPO shares issued …
