India’s Power Grid to consider secured redeemable taxable bond issue

By Tali Rackner

Norfolk, Va., April 19 – Power Grid Corp. of India Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Friday to consider an issue of secured redeemable nonconvertible non-cumulative taxable bonds.

The debentures will be issued by way of private placement.

Power Grid is a utility company based in Gurgaon, India.

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