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Power Grid committee of directors approves proposal to raise bonds worth Rs 6,000 crore

Power Grid committee of directors approves proposal to raise bonds worth Rs 6,000 crore

As per the approval, the bond size will be Rs 1,500 crore with a green shoe option of Rs 4,500 crore, Powergrid said in an exchange filing.

The bonds will be redeemable at par after 10 years, and interest will be paid annually, it said. Image | Pixabay/Representational

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