IndiGrid, India's largest power transmission InvIT, receives unitholder approval to raise up to Rs 695 crore through a preferential issue. The company will use the funds to expand its operations and invest in new projects.
Photograph: Courtesy Power Grid Corporation
New Delhi, Sep 26 (PTI) Infrastructure investment trust India Grid Trust on Thursday said it has received unitholders approval to raise up to Rs 695 crore through a preferential issue.
During an extraordinary meeting held on Thursday, the unitholders gave their go-ahead for "issuance of units on a preferential basis for an aggregate consideration of up to Rs 695 crore", according to a regulatory filing.
IndiGrid is India's first and largest Infrastructure Investment Trust (InvIT) in the power transmission sector. It owns, operates, and manages power transmission networks and renewable energy assets that deliver reliable power throughout India.
As per its website, its assets under management (AUM) stand at Rs 29,255 crore. It has 22,550 MVA electricity transformation capacity.
Home » Market News » IndiGrid Raises Rs 695 Cr via Preferential Issue
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