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IndiGrid acquires 100 MW solar assets from FRV for Rs 660 cr IndiGrid’s acquisition of its first solar asset is an important milestone in the Indian infrastructure sector as this marks the first renewable energy acquisition by any InvIT in the country. Infrastructure investment trust IndiGrid on Wednesday said it has completed the acquisition of entire stake in two solar energy assets with cumulative capacity of 100 MW from Fotowatio Renewable Ventures (FRV) at an enterprise value of Rs 660 crore. IndiGrid’s acquisition of its first solar asset is an important milestone in the India...

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 ...

India Grid Trust extends rights issue closing date to April 16, 2021 Posted On: 2021-04-03 08:42:05 (Time Zone: Arizona, USA) Due to bank holidays on April 13, 2021 and April 14, 2021, as applicable in the respective states of India, on account of certain festivities, the Investment Manager (on behalf of India Grid Trust) on April 1, 2021 has decided to extend the Issue period to April 16, 2021. Accordingly, the Issue Closing date shall be April 16, 2021. Therefore, all references to the Issue Closing Date in the Letter of Offer, abridged letter of offer, Issue Advertisements and composi...

Moderate gains seen at open, but crude, FPI flow to anchor direction March 08, 2021 × Asian markets in early trade on Monday are up 0.5-1.5%; US markets on Friday closed up 1.55-2%; analysts fear the market may see volatility The Indian stock markets, after falling a couple of days, are expected to open on a positive note on Monday, thanks to global markets. The SGX Nifty, ruling at 15,080, points to a 130-point gain for Nifty futures, which on Friday closed at 14,953 on the NSE. Asian markets in early trade on Monday are up in the range of between 0.5 and 1.5 per cent. Australian indices ar...