Capital Infra Trust approves preferential issue proceeds use and PMA amendment
Awaiting price reaction for this filing.
Capital Infra Trust's Board, via circular resolution on Sept 18, 2026, approved utilization of proceeds from a proposed preferential issue of Units. Of the planned use, Rs. 1,24,99,92,800 (about Rs. 125 crore) is earmarked for shareholder loans to Target SPVs for repayment and prepayment of their senior and unsecured debt. Acquisition of Target SPVs and assets is also part of the broader transaction plan. Additionally, Clause 10.2 of the Project Management Agreement was amended to restrict the Project Manager's right to terminate after the 5 year Initial Validity Period, except in specified cases.
Imminent acquisition of Target SPVs and debt restructuring signaled; Project Manager exit restricted, improving unit holder stability.