Power Grid Corp shares rise after board plans to consider $500 million fundraising

Power Grid Corp. share price gained during the early market hours on Wednesday, June 24, after the board of directors announced its plans to raise $500 million from domestic or foreign banks, according to an exchange filing.

Shares of Power Grid Corp rose 1.1% to hit its intraday high of ₹295.25 during Wednesday’s market, compared to ₹291.95 at the previous stock market close, according to NSE data.

As per the NSE filing, Power Grid Corp will be hosting a board meeting on Friday, June 26, to consider the fundraising proposal as the firm aims to raise $500 million through External Commercial Borrowings (ECB) or a bond issue move.

“This is to inform that a meeting of board of directors of Power Grid is scheduled to be held on Friday, June 26, 2026, to inter-alia consider and approve raising foreign currency funds through External Commercial Borrowings (ECB) up to $500 million from Domestic/Foreign Banks,” the company informed the stock exchanges.

The company plans to raise this $500 million in one or more ranches or through one or more issuances in the financial year ending 2026-27 on a private placement basis.

Power Grid Corp also disclosed that the trading window for designated personnel will remain closed till 48 hours after the declaration of financial results of the Company for the quarter ending June 30, 2026.

Block deal trade

After the opening bell on Wednesday’s market, Power Grid Corporation shares witnessed a block deal trade, where the investors bought and sold equity shares, resulting in a volume surge to 10,28,059 shares with a value of ₹30.01 crore, according to the data collected from NSE on June 24.

Block deals are large-sized stock purchase or sale transactions which involve a minimum value of ₹10 crore per transaction during a single trading session, as per the exchange data.

Power Grid Corp share price

Power Grid Corp shares closed 0.76% higher at ₹291.95 after Wednesday’s trading session, compared to ₹289.75 at the previous stock market close, according to NSE data. The company announced its fundraising plans after the market hours on June 23.

Shares of Power Grid Corp have delivered more than 124% returns on their investment in the last five years, over 55% gains in the last three years, and more than 2% in the last one year period, as per the exchange data.

On a year-to-date (YTD) basis, the company’s stock has gained 9%, but the shares have lost 0.6% in the last one month. Power Grid Corp shares have gained 2% in the last five market sessions on NSE.

The company’s market capitalisation (m-cap) was at over ₹2.73 lakh crore as of the trading session on Wednesday, June 24, 2026.