Page 19 - Index

02-40 CORPORATE OVERVIEW
41-59 STATUTORY REPORTS 60-147 FINANCIAL STATEMENTS
INVESTMENT MANAGER
POWERGRID Unchahar Transmission Limited (PUTL)
A wholly-owned subsidiary of POWERGRID, PUTL is engaged in the power transmission business since FY 2013-14. It has relevant experience in constructing and operating a transmission system.
POWERGRID UNCHAHAR TRANSMISSION LIMITED (PUTL)
ROLE AND RESPONSIBILITY
Enter Into Investment Management Agreement
TRUSTEE
IDBI Trusteeship Services Limited
IDBI Trusteeship Services Limited is a trusteeship company registered as a debenture trustee under the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, since February 14, 2017. Promoted jointly by IDBI Bank, Life Insurance Corporation and General Insurance Corporation, it provides trusteeship services to corporates across diverse industries, domestic and foreign banks and financial institutions.
ROLE AND RESPONSIBILITY
Execute Trust Deed with Sponsor
Managing the Trust and the Initial Portfolio Assets
Coordinating
with Trustee for various operations
Maintaining proper books of accounts, documents and records and ensuring audits
Setting strategic direction, including
in relation to
future acquisitions, divestment, or enhancement of assets
Conducting business efficiently in the best interest of the Unitholders
Ensuring that
business activities and investment policies comply with the provisions of the SEBI InvIT Regulations, including distribution of dividend and voting
Appointing Investment Manager and
Project Manager in accordance with the SEBI InvIT Regulations and applicable law
Monitoring the activities of Investment Manager (in terms of the Investment Management Agreement) and Project Manager
(in terms of the Project Implementation and Management Agreement)
Provide SEBI and stock exchanges, such information as sought by them
Note:
* There has been no change in the Investment Manager during the period. There has been no erosion in the networth of the IM during the period * There has been no change in the Trustee during the period
* The roles and responsibility are indicative. Detailed role and responsibilities are in accordance with applicable SEBI InvIT Regulations and are indicated in the Final Offer Document of PGInvIT
POWERGRID Infrastructure Investment Trust 17