New CEO appointed for PGInvIT's Investment Manager PUTL

Ceo Appointed ExternalManagement Changes View source PDF

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The Board of POWERGRID Unchahar Transmission Limited (PUTL), the Investment Manager of POWERGRID Infrastructure Investment Trust, has appointed Shri K Nagraj Bhat as Chief Executive Officer effective June 23, 2026. He currently serves as Chief General Manager at Power Grid Corporation of India and has over 30 years of experience in power transmission, covering project implementation, corporate planning, and multilateral financing.

Likely market impact

Continuity assured as a senior POWERGRID executive takes the helm. Likely neutral to mildly positive for unit holders.