Energy Grid fund raies: The board of administrators of Power Grid Corporation of India Ltd has permitted fund elevate as much as ₹5,700 crore throuugh issuance of bonds on a personal placement foundation to half finance its capex requirement. The Indian central public sector endeavor knowledgeable Indian stock market exchanges in regards to the choice on Saturday. The PSU firm went on so as to add that the fund would raised in numerous tranches throughout the monetary 12 months 2023-24 and the online proceeds shall be used for offering inter company loans to totally owned 4 subsidiaries — Energy Grid Bhuj Transmission Restricted, Energy Grid Khetri Transmission System Restricted, Energy Grid Medinipur Jeerat Transmision System Restricted and Energy Grid Varanasi Transmission System Restricted.
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