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India Grid Trust raises long term NCDs from IFC totaling Rs 1,140 crore

21 Apr 2023 Evaluate

India Grid Trust (IndiGrid) has raised long term NCDs from International Finance Corporation (IFC) totaling Rs 1,140 crore. With a total tenure of 18 years, the NCD were priced at a competitive rate that is fixed for a long tenure. IndiGrid plans to utilize this debt for funding its upcoming refinancing opportunities in FY 24.

India Grid Trust is an Indian power sector infrastructure investment trust.

Peers
Company Name CMP
Bajaj Finserv 1742.20
TVS Holdings 12355.30
Cholamandalam Fin. 1378.30
Altius Telecom Infra 175.00
Kama Holdings 2284.50
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