Infrastructure investment trust IndiGrid’s public issue of non-convertible debentures to raise up to ₹1,000 crore will close on Friday, five days ahead of the scheduled closure as the issuance has received an overwhelming response.
The issue, which opened on Wednesday, was oversubscribed nearly ten-fold within hours of opening. According to the latest data on BSE, the issue is oversubscribed nearly 25 times.
The Allotment Committee constituted by the Board of Directors of the Investment Manager on behalf of IndiGrid has, by way of a resolution dated April 28, approved the early closure of the tranche 1 issue on April 30, 2021, as per a BSE filing.
