|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
Power Grid Corporation of India plans to raise up to 20 billion rupees ($364.66 million) through a bond sale, proceeds of which will be used for capital expenditure, three sources with knowledge of the deal said.
The state-run firm will issue 10-year bonds and has fixed the upper band for bidding at 8.95 percent, the sources said.
The base size of the issue is 5 billion rupees.
The bond sale is scheduled to open and close on Friday, the sources added.