News Stocks Capital Infra Trust Approves Rs 667.36 Crore Additional Borrowing for NCD II RedemptionCapital Infra Trust Approves Rs 667.36 Crore Additional Borrowing for NCD II Redemption
Capital Infra Trust's board has approved additional borrowings of Rs 667.36 crores from Union Bank of India for Non-Convertible Debentures Series II redemption. The decision, approved through circular resolution on January 30, 2026, is part of a total sanctioned amount of Rs 1,150 crores, including a previously approved Rs 482.64 crores term loan for ROFO Assets refinancing. The borrowing is subject to requisite approvals and will be used solely for refinancing existing Trust borrowings, maintaining compliance with SEBI InvIT Regulations.
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Capital Infra Trust has announced its board's approval for additional borrowings of Rs 667.36 crores from Union Bank of India, specifically designated for the redemption of Non-Convertible Debentures Series II (NCD II). The decision represents a significant financial restructuring move by the infrastructure investment trust.
Board Approval and Regulatory Compliance
The Board of Directors of Gawar Investment Manager Private Limited, serving as the Investment Manager to Capital Infra Trust, approved the additional borrowings through a circular resolution passed on January 30, 2026. The approval was granted in compliance with Regulation 23(6)(b) of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, and other applicable SEBI InvIT Regulations.
The Trust has formally notified both the National Stock Exchange of India Limited and BSE Limited about this development, maintaining transparency with regulatory authorities and stakeholders.
Financial Structure and Borrowing Details
The proposed borrowing arrangement forms part of a comprehensive financial strategy by the Trust:
| Parameter: | Details |
|---|---|
| Borrowing Amount: | Rs 667.36 crores |
| Lender: | Union Bank of India |
| Purpose: | NCD II redemption |
| Total Sanctioned Amount: | Rs 1,150 crores |
| Previously Approved Loan: | Rs 482.64 crores |
The Rs 667.36 crores borrowing, combined with the previously approved term loan of Rs 482.64 crores for refinancing ROFO Assets (approved on January 28, 2026), aggregates to the total sanctioned amount of Rs 1,150 crores from Union Bank of India.
Purpose and Utilization
The Trust has specified that the proposed borrowings will be utilized solely for refinancing existing borrowings. The primary objective is the redemption of Non-Convertible Debentures Series II, which forms part of the Trust's debt restructuring strategy.
The borrowing is subject to receipt of requisite approvals, if required, indicating that certain regulatory or internal approvals may still be pending for the complete execution of this financial arrangement.
Previous Communications
This announcement follows previous intimations dated October 08, 2025, and January 29, 2026, suggesting an ongoing process of financial restructuring and stakeholder communication by the Trust. The systematic approach to regulatory compliance demonstrates the Trust's commitment to maintaining transparency in its financial operations.
Regulatory Framework
The borrowing approval operates under the framework of SEBI InvIT Regulations, specifically Regulation 23(6)(b), read with Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025. The Trust also complies with the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, ensuring adherence to all applicable regulatory requirements.
