Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IndiGrid has successfully raised INR 1,500 crore through an Institutional Placement (IP) process, which was oversubscribed approximately 2 times. The issue, launched on January 19, 2026, saw participation from 10 insurance companies, 6 mutual funds, and other domestic and foreign institutional investors, with domestic investors contributing 78% and foreign investors 12%. The Board approved the allotment of around 9.20 crore new units at INR 163 per unit. Combined with a INR 438 crore preferential issue in November 2025, IndiGrid has raised INR 1,938 crore in equity during FY26. Post-issuance, net debt to AUM stands at around 57%, leaving room for up to INR 45,000 crore of AUM growth within the 70% leverage cap.
The oversubscribed placement reflects strong investor confidence and provides IndiGrid with fresh capital to fund its INR 7,500 crore project pipeline and pending acquisitions (Gadag Transmission and NERES XVI), supporting future growth and potential unit-holder returns. Equity dilution is limited to ~9.20 crore new units while strengthening the balance sheet for accretive expansion.