Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IndiGrid Infrastructure Trust has allotted 30,000 Non-Convertible Debt Securities (Series AD) with a face value of INR 1,00,000 each, aggregating to INR 300 Crores, via private placement on May 13, 2025. The NCDs are senior, secured, listed, rated, and redeemable with a tenure of about 3 years and 4 months, maturing on September 27, 2028. The securities carry a coupon rate of 7.04% per annum, payable quarterly, and have been rated AAA/Stable by both CRISIL and ICRA. The debt will be listed on BSE.
This is a routine debt-raising exercise at an attractive rate backed by the highest credit rating (AAA), reflecting strong investor confidence in the InvIT's credit quality. The proceeds will likely fund growth or refinance existing debt, with no dilution risk for unit holders since these are non-convertible securities.