Interise Trust approves Rs 1,800 Cr Commercial Papers

1 min read Updated on 23 May 2026, 06:53 PM

Reviewed by

Radhika SScanX News Team

AI Summary

Interise Trust announced that its Investment and Finance Committee approved the issuance of Commercial Papers up to Rs 1,800 Crores in one or more tranches on May 22, 2026. The decision was communicated to the stock exchanges and relevant trustees.

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Interise Trust has announced the outcome of its Investment and Finance Committee meeting held on May 22, 2026. The committee has approved the issuance of Commercial Papers in one or more tranches up to an aggregate amount not exceeding Rs. 1,800 Crores.

Meeting Outcome

The decision was taken during the meeting convened by Interise Investment Managers Private Limited, acting as the Investment Manager to the Trust. The approval authorizes the Trust to raise funds through the debt instrument to meet its financial requirements.

Key Details

Parameter	Details
Meeting Body	Investment and Finance Committee of the Board of Directors
Meeting Date	May 22, 2026
Approval	Issuance of Commercial Papers
Aggregate Amount	Up to Rs. 1,800 Crores
Structure	One or more tranches

Regulatory Compliance

The intimation regarding the meeting outcome was submitted to BSE Limited and the National Stock Exchange of India Limited. The filing was signed by Amit Shah, Chief Compliance Officer and Vice President – Company Secretary, on May 22, 2026.

Copies of the intimation were addressed to the Trustee, IDBI Trusteeship Services Limited, the Debenture Trustee, Axis Trustee Services Limited, and the Issuer and Paying Agent, ICICI Bank Limited.

How will Interise Trust deploy the Rs. 1,800 Crores raised through Commercial Papers, and which infrastructure projects or assets are likely to benefit from this capital infusion?

What impact could this significant debt issuance have on Interise Trust's debt-to-equity ratio and its overall credit rating outlook?

Given current interest rate conditions, at what yield are these Commercial Papers likely to be priced, and how competitive will they be compared to similar instruments in the market?

Read Next Article

Interise Trust unitholders approve NHAI pact amendment

1 min read Updated on 22 May 2026, 01:19 PM

Reviewed by

Naman SScanX News Team

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AI Summary

Interise Trust unitholders have approved the amendment to the concession agreement with the National Highway Authority of India (NHAI) through a supplementary agreement. The resolution was passed via postal ballot with 100% of the votes polled in favor, representing 95.60% of the outstanding units. The voting process, conducted electronically by NSDL, concluded on May 20, 2026.

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Interise Trust has announced the conclusion of its postal ballot voting process regarding the amendment to the concession agreement with the National Highway Authority of India (NHAI). The resolution, which sought unitholder approval for the project SPV to execute a supplementary agreement, was passed with the requisite majority. The voting process concluded on Wednesday, May 20, 2026.

The postal ballot was conducted in compliance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014. The notice for the postal ballot was dated April 27, 2026, and the voting period commenced on April 30, 2026. The resolution required a majority where votes cast in favour were not less than 60% of the votes cast against, as per the amended and restated Trust Deed dated February 27, 2024.

Voting Results Summary

The scrutinizer's report confirmed that the resolution secured 100% of the votes polled. A total of 99,65,98,841 votes were cast in favour of the resolution, with no votes recorded against it. The participation represented 95.60% of the outstanding units.

Category	No. of Votes Polled	% of Votes Polled on Outstanding Units	Votes in Favour	Votes Against	% in Favour on Votes Polled
Sponsor(s)/ Investment Manager/ Project Manager(s) and associates	63,41,46,428	60.83%	63,41,46,428	NIL	100%
Public Holdings (Foreign Portfolio Investor)	36,24,52,413	34.77%	36,24,52,413	NIL	100%
Total	99,65,98,841	95.60%	99,65,98,841	NIL	100%

Resolution Details

The specific resolution approved by unitholders authorizes the amendment to the concession agreement with NHAI by the project SPV, Devihalli Hassan Tollway Private Limited. This will be executed through a supplementary agreement. The total number of unitholders as on the cut-off date of April 24, 2026, was 47.

The facility for casting votes was provided by National Securities Depository Limited (NSDL). No physical postal ballot forms were received, and all voting was conducted electronically. The final report was generated after the voting period concluded at 5:00 p.m. IST on May 20, 2026.

What specific changes to the toll collection terms or project timeline are expected following the execution of the supplementary agreement between Devihalli Hassan Tollway Private Limited and NHAI?

How might the amended concession agreement impact Interise Trust's projected distributions to unitholders over the remaining concession period?

Could the amendments to the NHAI concession agreement signal broader renegotiations across other highway InvIT projects in India, and what precedent does this set for the sector?