IndiGrid’s Rs 1,284 cr-rights issue will create more room for acquisitions: CEO

The Rs 1,284 crore- rights issue of India Grid Trust (IndiGrid) will be an enabler for the infrastructure investment fund to scale up acquisitions, a top executive told ET.

IndiGrid is offering 116,695,404 units at Rs 110 in its rights issue that will open on April 6 and close on April 13. The units are being offered on a rights basis to the eligible unitholders in the ratio of one lot for every five lots of 1,701 units, held in the InvIT.