NDR InvIT Trust unitholders approve conversion to public InvIT and IPO
NDR InvIT Trust unitholders have approved the conversion of the trust from a private listed infrastructure investment trust to a public infrastructure investment trust via an initial public offer. The resolutions were passed with the requisite majority on July 17, 2026. The voting results were submitted by Scrutinizer Rahul Jain.

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NDR InvIT Trust unitholders have approved the conversion of the trust from a private listed infrastructure investment trust to a public infrastructure investment trust pursuant to an initial public offer of units. The resolutions were passed with the requisite majority on July 17, 2026, following a postal ballot process conducted by remote e-voting. The approval paves the way for the trust to list its units on exchanges through an IPO.
NDR InvIT Managers Private Limited, acting as the Investment Manager, had sought unitholder approval for two key resolutions. The first resolution sought approval for the proposed conversion of NDR InvIT Trust from a private to a public entity. The second resolution sought approval for the issuance of units through an initial public offer. Both resolutions required specific majorities under the SEBI InvIT Regulations.
The postal ballot notice was dated June 26, 2026, and the voting period commenced on June 27, 2026, at 9:00 AM IST, concluding on July 17, 2026, at 5:00 PM IST. Rahul Jain, Proprietor of M/s. Rahul A. Jain & Co., was appointed as the Scrutinizer to ensure the voting process was conducted fairly and transparently. The report of the Scrutinizer confirmed that the resolutions received the necessary support.
Voting Results Summary
The results indicated strong support from unitholders across all categories. A total of 368,627,221 votes were polled, representing 80.4794% of the outstanding shares. All votes cast were in favour of the resolutions, with no votes recorded against.
| Category | No. of Votes Polled | % of Votes Polled on Outstanding Shares | Votes in Favour | Votes Against |
|---|---|---|---|---|
| Sponsor and Sponsor Group | 159,985,532 | 100 | 159,985,532 | 0 |
| Public Institutions | 31,605,154 | 75.1070 | 31,605,154 | 0 |
| Public Non-Institutions | 177,036,535 | 69.1621 | 177,036,535 | 0 |
| Total | 368,627,221 | 80.4794 | 368,627,221 | 0 |
Resolution Details
The first resolution, requiring a 75% majority by value, was approved as the votes in favour constituted 100% of the votes cast by value. The second resolution, requiring a 60% majority of unitholders present and voting, was also passed with a 100% majority. The Scrutinizer's report confirmed that both resolutions were declared passed on July 17, 2026.
Historical Stock Returns for NDR InvIT Trust
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +8.03% | +4.21% | +16.25% | +29.40% | +40.29% |
What is the expected timeline for the IPO filing and subsequent listing of NDR InvIT Trust units?
How will the conversion to a public InvIT impact the trust's cost of capital and future yield for unitholders?
What is the targeted fundraise size through the IPO, and how will the proceeds be utilized?


































