Description

BSE announces listing of new debt securities worth Rs. 5,000 crores issued by POWER GRID CORPORATION OF INDIA LIMITED on private placement basis.

Summary

BSE has listed new debt securities of POWER GRID CORPORATION OF INDIA LIMITED worth Rs. 5,000 crores (500,000 securities of Rs. 1 lakh each) issued on private placement basis. The securities carry 6.98% annual interest rate and mature on August 12, 2035.

Key Points

  • Quantity: 500,000 securities with face value of Rs. 1,00,000 each
  • Scrip Code: 977015, ISIN: INE752E08791
  • Interest Rate: 6.98% per annum paid annually
  • Credit Rating: CARE AAA, CRISIL AAA, ICRA AAA (highest rating)
  • Trading only in dematerialized form with tick size of 1 paise
  • Market lot size: 1 security

Regulatory Changes

No regulatory changes introduced.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Securities must be traded under the specified ISIN number
  • Tick size compliance of 1 paise must be maintained

Important Dates

  • Date of Allotment: August 12, 2025
  • Interest Payment: Annually from August 12, 2026 to August 12, 2035
  • Redemption Date: August 12, 2035
  • Effective Trading Date: August 12, 2025

Impact Assessment

Minimal market impact as this is a routine debt security listing. The AAA credit rating indicates high creditworthiness. No put/call options attached, providing predictable cash flows for investors.

Impact Justification

Routine debt security listing with no market disruption