PowerGrid InvIT IPO - Well Positioned For Growth: ICICI Direct
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ICICI Direct Report
Power Grid Infrastructure Investment Trust has been set up to own, construct, operate, maintain and invest as an infrastructure investment trust as permissible in terms of the InvIT regulations, including in power transmission assets in India.
The sponsor and project manager for the InvIT is Power Grid Corporation of India Ltd., which is the third largest central public sector enterprises in terms of gross block.
The investment manager, PowerGrid Unchahar Transmission Ltd, is a wholly owned subsidiary of the sponsor and is responsible for managing the InvIT as well as the initial portfolio assets.
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