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Should you invest in IndiGrid NCD? - The Hindu BusinessLine


BL Research Bureau
IndiGrid Trust (IndiGrid), a power sector infrastructure investment trust (InvIT), is offering redeemable Non-convertible debentures (NCD) to the public from April 28 and will close on April 30, 2021.
The company is offering NCDs for 3-, 5-, 7- and 10-year timeframes with only non-cumulative option. The rates of interest offered for these time periods are 6.75 per cent, 7.6 per cent, 7.9 per cent and 8.2 per cent per annum respectively. These rates are in case of NCDs with annual interest pay-out schemes. The company also offers quarterly coupon payment option for 7- and 10-year NCDs, in which case the applicable interest rates are 7.69 per cent and 7.97 per cent respectively. ....

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IndiGrid InvIT hits public bond sale, gets double subscriptions


IndiGrid InvIT hits public bond sale, gets double subscriptions
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A large Mumbai-based infrastructure conglomerate and a private life insurance company attached to a “salt-to-steel” group bid to own those papers with yield-hungry wealthy investors taking the lead, sources told ET.
Investor response defied an existing arid bond street, dented by the second wave of coronavirus.
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MUMBAI: KKR-backed India Grid Trust (IndiGrid Trust), a power sector infrastructure investment trust (InvIT), obtained more than double subscriptions for its maiden public bond sale that opened for subscription Wednesday amid an economic depression.
A large Mumbai-based infrastructure conglomerate and a private life insurance company attached to a “salt-to-steel” group bid to own those papers with yield-hungry wealthy investors taking the lead, sources told ET. ....

Ajay Manglunia , Insurance Regulatory Development Authority , India Grid Trust Indigrid , India Grid Trust , Indigrid Trust , Harsh Shah , India Ratings , Stable Outlook , காப்பீடு ஒழுங்குமுறை வளர்ச்சி அதிகாரம் , இந்தியா கட்டம் நம்பிக்கை , கடுமையான ஷா , இந்தியா ரேடிஂக்ஸ் , நிலையான ஔட்‌லுக் ,