Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IndiGrid Infrastructure Trust plans to raise ₹3,000 Crores through three series of non-convertible debt securities: ₹1,500 Crores (Series AE), ₹1,200 Crores (Series AF), and ₹300 Crores (Series AG). This issuance follows prior board approvals dated January 23, 2025 (up to ₹7,600 Crores in borrowings) and March 21, 2025 (up to ₹3,200 Crores). The debt securities are being issued by IndiGrid Investment Managers Limited on behalf of the Trust. The filing does not specify coupon rates, maturity, or the use of proceeds.
The ₹3,000 Crore debt raise will increase IndiGrid's overall leverage but supports its growth and acquisition pipeline as an infrastructure investment trust. Investors should watch for coupon rates, maturity profile, and credit rating of these NCDs, which will determine attractiveness for debt investors.