INTERISE TRUST has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Interise Trust has allotted senior, secured, rated, listed, redeemable, non-convertible debentures worth a total of Rs. 2,074.82 crores on October 16, 2025. The issuance was done in two series: Series I of Rs. 1,050 crores carrying a coupon of 6.96% per annum, and Series II of Rs. 1,024.82 crores carrying 7.3014% per annum, both payable quarterly. These debentures will be listed on BSE in due course. This follows the Investment & Finance Committee's approval and builds on an earlier intimation dated October 6, 2025.
The trust has raised over Rs. 2,000 crores through fresh debt, which will likely be used to refinance existing borrowings or fund infrastructure investments. The blended cost of around 7% suggests reasonable borrowing terms, and the listing on BSE will provide liquidity to debenture holders. Existing unitholders may see an impact depending on how the fresh debt is deployed (refinancing typically lowers costs, while new investments could expand the asset base).