Chittorgarh.com Logo
Loading...

India Grid Trust Rights Issue FAQ's

India Grid Trust Rights Issue Detail
Issue Open Apr 6, 2021
Issue Close Apr 13, 2021
Issue Size (Shares) 11.67 Crores
Issue Size (Amount) ₹1,283.65 Crores
Issue Price ₹110 per Share
Listing At BSE, NSE

India Grid Trust Rights Issue Date & Price FAQs

India Grid Trust Rights Issue Timetable

Last Date for credit of Rights EntitlementsApr 5, 2021
Last Date for renunciation of Rights EntitlementsApr 8, 2021
Issue Opening DateApr 6, 2021
Issue Closing DateApr 13, 2021
Allotment DateApr 20, 2021
Shares Credit DateApr 22, 2021
Listing DateApr 23, 2021

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

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

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

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

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 say at what price India Grid Trust Rights Issue shares will list. The price depends on the demand and supply of company's shares on the day of listing.

Sorry, we do not provide rights issue's recommendations. But we share a lot of information about India Grid Trust Rights Issue which could help you with questions like India Grid Trust Rights Issue buy or not? Consider reading India Grid Trust Rights Issue reviews and analysis from experts posted on rights issue detail page.