Loan & Debt10 Jun 2026, 09:21 pm
Citius TransNet InvIT Unitholders Approve Borrowing Limit Increase
AI Summary
Citius TransNet Investment Trust (InvIT) announced that its unitholders have approved a resolution to enhance the aggregate consolidated borrowings and deferred payments up to 49% of the InvIT assets. The approval was granted through a postal ballot process, with the scrutinizer's report confirming the resolution passed with the requisite majority on June 10, 2026. This move allows Citius to increase its financial leverage, potentially supporting future growth and asset acquisition strategies.
Key Highlights
- Unitholders approved increasing borrowing limit to 49% of InvIT assets.
- Resolution passed via postal ballot with requisite majority.
- Approval declared on June 10, 2026, following postal ballot.
- Enhances financial flexibility for future growth opportunities.
Price Impact
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