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Power Grid Corporation of India, Adani Transmission and Damodar Valley Corporation are among the seven companies to have placed the orders

The company plans to utilise this debt for funding its upcoming refinancing opportunities in FY24

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 ...

IndiGrid InvIT hits public bond sale, gets double subscriptions SECTIONS Share Synopsis 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. Related 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 tha...

2021 strategy: Alternate asset classes like InvITs can help investors diversify in volatile times Rating agency CRISIL believes that InvITs-REITs have enormous potential of around Rs 8 lakh crore in India over the next four to six years. Harsh Shah 2020 has been an exceptional year, with a new set of challenges and learnings. Amid the COVID-19 pandemic, US presidential elections, India-China skirmishes, sharp GDP cuts and the pursuant upgrades— global capital markets have gyrated from down-circuits to record highs. The only constant in 2020 has been the volatility in markets and one of the...