Altius Telecom Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Altius Telecom Infrastructure Trust (formerly Data Infrastructure Trust) has completed the allotment of 1,20,000 Senior, Secured, taxable, redeemable, listed and rated non-convertible debentures (NCDs) of face value Rs. 1,00,000 each, aggregating to Rs. 1,200 crores. The NCDs were issued on a private placement basis to eligible identified investors in one or more tranches, following the board approval on April 21, 2025. The debentures carry a coupon rate of 7.45% per annum, payable quarterly, and will be listed on the Wholesale Debt Market segment of BSE. The issuance follows the General Information Document dated February 25, 2025, and the Key Information Document dated April 15, 2025.
The trust has raised Rs. 1,200 crores through debt at a competitive 7.45% coupon, which may be used for infrastructure expansion, acquisitions or refinancing existing debt. For unitholders, this means additional leverage on the trust's books, which could boost growth but also raises interest obligation and refinancing risk.