Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IndiGrid Infrastructure Trust, through its Investment Manager, has informed the exchanges about a proposed issue of Non-Convertible Debt Securities (NCDs) named 'Series AD' worth up to ₹300 Crores. This issuance is part of a broader borrowing plan of up to ₹7,600 Crores that was approved by the Board of Directors on January 23, 2025. Since these are non-convertible securities, they are pure debt instruments and will not dilute existing unit holders' equity. The filing has been made in compliance with SEBI's listing and InvIT regulations.
No equity dilution for existing unit holders since this is a debt issuance. The new NCDs will add to Inditribution's overall debt, which is within the pre-approved borrowing limit. Investors should watch for the coupon rate and tenure once final terms are announced, as this will affect the trust's borrowing cost.