{"id":405022,"date":"2021-03-16T08:34:54","date_gmt":"2021-03-16T03:04:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=405022"},"modified":"2021-03-16T09:26:16","modified_gmt":"2021-03-16T03:56:16","slug":"india-grid-to-raise-rs-2500-cr-via-ncd-to-recast-debt-acquisitions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-grid-to-raise-rs-2500-cr-via-ncd-to-recast-debt-acquisitions\/","title":{"rendered":"India Grid to raise Rs 2,500 cr via NCD to recast debt, acquisitions"},"content":{"rendered":"<p>KKR-backed India Grid Trust (IndiGrid) is raising a term loan of Rs 1,500 crore, and debts of Rs 1,000 crore through non-convertible debentures (NCD) to refinance old loans and acquire power transmission assets.<\/p>\n<p>IndiGrid\u2019s debt on February 28, 2021, was Rs 8,690 crore. <\/p>\n<p>One of its units \u2014 East North Interconnection Com\u00adpany (ENICL) \u2014 has a term loan of Rs 630 crore and another entity \u2014 Gurgaon-Palwal Tra\u00adns\u00ad\u00admission (GPTL) \u2014carries debts of Rs 739 crore.<\/p>\n<p>The proceeds of NCDs and credit will refinance the loans of ENICL and GPTL.<\/p>\n<p>The major shareholders in IndiGrid are KKR &amp; Co. Inc and its affiliates (23 per cent) and Singapore\u2019s GIC and its affiliates (20 per cent). The unitholders of IndiGrid in Septe\u00admber 2020 granted approval for designating KKR sponsor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KKR-backed India Grid Trust (IndiGrid) is raising a term loan of Rs 1,500 crore, and debts of Rs 1,000 crore through non-convertible debentures (NCD) to refinance old loans and acquire power transmission assets. IndiGrid\u2019s debt on February 28, 2021, was Rs 8,690 crore. One of its units \u2014 East North Interconnection Com\u00adpany (ENICL) \u2014 has a term loan of Rs 630 crore and another entity \u2014 Gurgaon-Palwal Tra\u00adns\u00ad\u00admission (GPTL) \u2014carries debts of Rs 739 crore. The proceeds of NCDs and credit will refinance the loans of ENICL and GPTL. The major shareholders in IndiGrid are KKR &amp; Co. Inc and [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-405022","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=405022"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405022\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=405022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=405022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=405022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}