Infrastructure investment trust IndiaGrid has raised Rs 670 crore through institutional placement. IndiGrid, India’s first publicly listed power sector Infrastructure Investment Trust (InvIT) has successfully raised Rs 670 crore through an Institutional Placement process as laid out by SEBI, a statement said.
According to the statement, the IP process, launched on December 5, 2023, saw strong demand from both existing and new Indian and global institutional investors.
In September 2023, IndiGrid had raised over Rs 400 crore through a preferential issue. With the recently concluded Institutional Placement, the company has successfully raised equity funds of Rs 1,070 crore in FY2023-24.
