Indus Infra Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Indus Infra Trust has informed the exchanges that a board meeting of its Investment Manager (GR Highways Investment Manager Private Limited) is scheduled for 16th June 2025. The board will consider a proposal to issue Non-convertible Debt Securities (NCDs) aggregating up to Rs. 225 crore on a private placement basis, possibly in multiple tranches. The issuance is subject to applicable laws and necessary regulatory approvals. Indus Infra Trust is an infrastructure investment trust (InvIT) focused on highway assets.
This is a debt-raising plan, not equity dilution, so existing unitholders' stakes remain unchanged. If the NCDs come at attractive rates, the trust can fund its road/highway projects or refinance existing debt; however, it will add to the trust's overall leverage and interest obligations.