National Grid to Raise $9 Billion in Largest UK Rights Issue Since 2009
Britain’s National Grid (NG.L) has announced plans to raise approximately £7 billion ($8.9 billion) through a rights issue, marking the largest UK capital raising effort of this kind since 2009. This move is aimed at supporting the company’s ambitious £60 billion investment in energy networks, essential for achieving the UK’s target of decarbonizing its power