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The Board of Directors of IndiGrid Investment Managers acting in the capacity of investment manager of IndiGrid, approved the issuance and allotment of 5.27 crore new units through the institutional placement to 11 eligible investors on December 8, 2023. More than 90% of incremental units were issued to insurance companies, mutual funds, pension funds, and domestic institutions. ....
IndiGrid, India s first publicly listed power sector Infrastructure Investment Trust (InvIT) has successfully raised Rs 670 crore through an Institutional Placement process as laid out by SEBI, a statement said. ....
IndiGrid: According to the statement, the IP process, launched on December 5, 2023, saw strong demand from both existing and new Indian and global institutional investors. ....