PGCIL to launch InvIT IPO by April 2021 end

Power Grid Corporation of India Limited (PGCIL) is likely to launch its infrastructure investment trust (InvIT) initial public offering (IPO) at the end of April 2021.

This will be the first time a state owned entity is monetising its infrastructure assets through the InvIT route. This will also be only the third InvIT to be listed in the Indian markets, after IRB InvIT and India Grid Trust both of which went public in 2017.

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