POWERGRID Infrastructure Investment Trust enters into Rs. 700 crore facility with HDFC Bank

Pursuant to approval of the Board of Directors of POWERGRID Unchahar Transmission Limited ("PUTL"), the Investment Manager of POWERGRID Infrastructure Investment Trust("PGInvIT") in its meeting held on March 28,2022, PGInvIT (acting through its Investment Manager - PUTL) has entered into a facility agreement for Rs. 700 crore with HDFC Bank Limited on March 29, 2022 for part financing the funding requirements towards acquisitions being made by PGInvIT.

Shares of POWERGRID Infrastructure Investment Trust was last trading in BSE at Rs. 133.88 as compared to the previous close of Rs. 135.60. The total number of shares traded during the day was 21344 in over 613 trades.

The stock hit an intraday high of Rs. 136.00 and intraday low of 132.93. The net turnover during the day was Rs. 2878552.00.

Source : Equity Bulls

Keywords

PowerGridInfrastructureInvestmentTrust PGInvIT FacilityAgreement HDFCBank