NEW DELHI : Infrastructure investment trust IndiGrid on Tuesday said its board of investment managers has approved a proposal to raise up to ₹5,300 crore, including through term loans and issuance of debentures.
A meeting of the board of directors of IndiGrid Investment Managers Ltd acting in the capacity of Investment Manager to IndiGrid was held on Tuesday.
At the meeting, the board approved an “enabling resolution to raise funds up to ₹5,300 crore in one or more tranches to be used for acquisitions, refinancing of existing borrowings and similar other purposes,” a regulatory filing said.
