IndiGrid Infrastructure Trust , a leading infrastructure investment trust, has announced plans for a significant capital raise through a preferential issuance of units. The trust is seeking unitholder approval to issue up to 28,055,919 units at ₹168.77 per unit, aiming to raise ₹473.50 crores.

Key Details of the Proposed Issuance

Voting Process and Timeline

Allocation Highlights

The largest allocation in this preferential issue is earmarked for the NPS Trust-SBI Pension Fund Scheme (State Govt), which is set to receive units worth ₹100.00 crores.

Purpose of Fundraising

The proceeds from this issuance are intended for multiple strategic purposes:

1. Repayment of existing debt facilities
2. Investments in direct or indirect subsidiaries for project development or expansion
3. Acquisition of infrastructure assets
4. Investment in listed or unlisted debt of infrastructure sector companies
5. Issue expenses

Impact on Unitholding Pattern

The proposed issuance is expected to have a minimal impact on the overall unitholding pattern of IndiGrid Infrastructure Trust. Post-issuance, the public holding is projected to increase slightly from 98.73% to 98.77%, while the sponsor and sponsor group holding will marginally decrease from 1.27% to 1.23%.

Market Implications

This move by IndiGrid Infrastructure Trust demonstrates its commitment to growth and strategic expansion in the infrastructure sector. The diverse range of investors participating in this issuance, including pension funds and insurance companies, suggests strong institutional interest in the trust's future prospects.

Investors and market watchers will be closely monitoring the outcome of the unitholder vote and the subsequent deployment of funds, as it could significantly influence IndiGrid's future growth trajectory and market position in the infrastructure investment space.

As the infrastructure sector continues to be a key focus area for economic development, successful capital raises like this could set a precedent for other infrastructure investment trusts looking to tap into market opportunities.

IndiGrid Infrastructure Trust , managed by IndiGrid Investment Managers Limited (IIML), has announced a significant capital raising initiative, demonstrating its commitment to growth and expansion in the infrastructure sector.

Capital Raising Plan

The Board of Directors of IIML has approved an enabling resolution to raise capital up to INR 1,500.00 crore. This strategic move aims to bolster IndiGrid's financial position and support its future endeavors. The capital raising plan includes various funding mechanisms, providing flexibility in its execution:

It's important to note that the total capital raised will not exceed INR 1,500.00 crore, regardless of the combination of methods used.

Regulatory Approvals and Unitholder Consent

The implementation of this capital raising plan is subject to several key steps:

1. Obtaining necessary statutory and regulatory approvals
2. Seeking Unitholders' approval through either:
   • An Extra-ordinary General Meeting
   • Postal Ballot

These measures ensure compliance with regulatory requirements and maintain transparency with IndiGrid's unitholders.

Board Meeting Details

The decision was made during a board meeting held on October 10. Key details of the meeting include:

• Commencement Time: 02:45 PM
• Conclusion Time: 03:50 PM

About IndiGrid Infrastructure Trust

IndiGrid Infrastructure Trust, managed by IndiGrid Investment Managers Limited, is a prominent player in the infrastructure investment trust sector. The substantial size of the proposed capital raise suggests that IndiGrid has significant growth plans or potential acquisition targets in the infrastructure space.

This capital raising initiative by IndiGrid demonstrates the trust's proactive approach to securing funds for future growth opportunities in the dynamic infrastructure sector. Investors and market watchers will likely keep a close eye on how IndiGrid utilizes these funds to enhance its portfolio and deliver value to its unitholders.