IndiGrid Infrastructure Trust Allots ₹1,100 Cr in Non-Convertible Debt Securities

IndiGrid Infrastructure Trust, through its Investment Manager IndiGrid Investment Managers Limited, has approved the allotment of two series of Non-Convertible Debt Securities: Series AI and Series AJ. A total of 35,000 Series AI Debt Securities were allotted, aggregating up to ₹350 crore face value with a paid-up value of ₹70 crore. Additionally, 75,000 Series AJ Debt Securities were allotted, aggregating up to ₹750 crore face value with a paid-up value of ₹150 crore. The Series AI securities have a tenure of 5 years and a coupon rate of 7.44% per annum, while Series AJ securities have a tenure of 10 years with the same coupon rate. Both series are partly paid-up, senior, secured, listed, rated, and redeemable, with bullet repayment at maturity. The securities are proposed to be listed on the BSE.