BSEIndiGrid Infrastructure TrustMediumNeutral
Announced Fri, 26 Sept · 16:37 IST

Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue

Fund Raising View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

IndiGrid Infrastructure Trust received ₹1,111.50 crore as the second tranche payment from holders of its Series AH Non-Convertible Debt Securities on September 25, 2025. Following this receipt, the paid-up value of each Series AH NCD has been revised upward from ₹31,500 to ₹90,000. The new ISIN INE219X07561, reflecting the higher paid-up face value, has been listed on BSE. This follows the initial allotment of these securities communicated on July 31, 2025, indicating the NCDs were structured to be paid in stages.

Likely market impact

Existing NCD holders now hold securities with a higher paid-up value (nearly 2.86x increase), strengthening their position; the listing of the new ISIN improves liquidity. No immediate equity dilution for unit holders, but the large ₹1,111.50 crore raise expands IndiGrid's debt-funded capacity for infrastructure investments.