Infrastructure investment trust IndiaGrid has raised Rs 670 crore through institutional placement.
IndiGrid, India’s first publicly listed power sector Infrastructure Investment Trust (InvIT) has successfully raised Rs 670 crore through an Institutional Placement process as laid out by SEBI, a
The Board of Directors of IndiGrid Investment Managers acting in the capacity of investment manager of IndiGrid, approved the issuance and allotment of 5.27 crore new units through the institutional placement to 11 eligible investors on December 8, 2023. More than 90% of incremental units were issued to insurance companies, mutual funds, pension funds, and domestic institutions.
IndiGrid, India s first publicly listed power sector Infrastructure Investment Trust (InvIT) has successfully raised Rs 670 crore through an Institutional Placement process as laid out by SEBI, a statement said.
IndiGrid Raises ₹670 Cr Via Institutional Placement freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
IndiGrid: According to the statement, the IP process, launched on December 5, 2023, saw strong demand from both existing and new Indian and global institutional investors.