Indian transmission firm Power Grid to file draft papers for $1b InvIT

Indian transmission firm Power Grid to file draft papers for $1b InvIT

Photo: Fré Sonneveld/unsplash

Electricity transmission company Power Grid Corp. of India Ltd plans to file a draft prospectus for a $1 billion infrastructure investment trust (InvIT) by June-end, in the first InvIT offering from any state-owned company, two people aware of the matter said.