20-Aug-2026      19:10

IndiGrid Investment Managers allotted Rs 220 crore in debt securities with tenures up to 10 years

IndiGrid Investment Managers Limited, the investment manager of IndiGrid Infrastructure Trust, announced the allotment of 35,000 Series A I Non-Convertible Debt Securities with a face value of Rs 100,000 each and a paid-up value of Rs 20,000 each, aggregating to Rs 70 crore, and 75,000 Series A J Non-Convertible Debt Securities with a face value of Rs 100,000 each and a paid-up value of Rs 20,000 each, aggregating to Rs 150 crore, on August 20, 2026. The Series A I instruments have a tenure of 5 years, a coupon rate of 7.44% per annum, and are rated ‘CRISIL AAA/Stable’ and ‘ICRA AAA/Stable’, while the Series A J instruments have a tenure of 10 years, the same coupon rate, and the same credit ratings. The debt securities are partly paid-up, senior, secured, listed, rated, redeemable, and will be privately placed and listed on the BSE.

News source: Capital Market - Live News