India Grid Trust Rights Issue FAQ's

₹1,283.65 Crores | Listing at BSE, NSE | Tue, Apr 6, 2021 - Tue, Apr 13, 2021

India Grid Trust Rights Issue Date 2026 & Price FAQs

The timetable for India Grid Trust Rights Issue is as follows:

Last Date for credit of Rights EntitlementsMon, Apr 5, 2021
Last Date for renunciation of Rights EntitlementsThu, Apr 8, 2021
Issue Opening DateTue, Apr 6, 2021
Issue Closing DateTue, Apr 13, 2021
Date of Allotment (on or about)Tue, Apr 20, 2021
Date of Credit (on or about)Thu, Apr 22, 2021
Date of Listing (on or about)Fri, Apr 23, 2021

India Grid Trust Rights Issue price is set at ₹110 per share. The India Grid Trust Rights Issue opens on Tue, Apr 6, 2021, and closes on Tue, Apr 13, 2021, for the subscription.

The allotment of India Grid Trust Rights Issue is expected to happen on or about April 20, 2021 as per the issue schedule.

India Grid Trust Rights Issue is expected to list on or around April 23, 2021.

The credit of India Grid Trust Rights Issue in Demat account is expected on or about April 22, 2021 as per the issue schedule.

Objects of the Issue:

The Net Proceeds will be utilised for : (i) Acquisition of 26% of the issued, subscribed and paid-up equity share capital of NER (NER II Transmission Limited), either directly or indirectly from the Sterlite Sponsor; (ii) Partial repayment of the outstanding external debt of OGPTL (Odisha Generation Phase - II Transmission Limited) and GPTL (Gurgaon Palwal Transmission Limited) and debt proposed to be availed by IndiGrid; and (iii) General purposes.

It is difficult to predict the exact listing price of India Grid Trust Rights Issue shares. The price depends on the demand and supply of the company's shares on the day of listing.

We do not provide Rights Issue recommendations. However, we share a lot of information about India Grid Trust which could help you with questions like whether to subscribe or not. Consider reading India Grid Trust reviews and analysis from experts posted on the Rights Issue detail page.