{"id":634293,"date":"2024-02-14T10:19:06","date_gmt":"2024-02-14T04:49:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=634293"},"modified":"2024-02-14T11:34:14","modified_gmt":"2024-02-14T06:04:14","slug":"indigrid-plans-to-raise-rs-1000-crore-for-acquisitions-debt-rejig","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigrid-plans-to-raise-rs-1000-crore-for-acquisitions-debt-rejig\/","title":{"rendered":"IndiGrid plans to raise Rs 1,000 crore for acquisitions, debt rejig"},"content":{"rendered":"<p>Global investment firm KKR-backed India Grid Trust (IndiGrid), an infrastructure investment trust, is planning to raise Rs 1,000 crore via non-convertible debentures (NCDs) to finance acquisitions and repayment of existing debt. <\/p>\n<p>IndiGrid has announced the acquisition of 100 per cent of ReNew Solar Urja Private Limited (RSUPL). The deal is expected to be valued at Rs 1,650 crore, subject to regulatory approvals and closing adjustments. This includes the debt of around Rs 1,000-1,100 crore present at asset level. The pending consideration amount is to be funded through debt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global investment firm KKR-backed India Grid Trust (IndiGrid), an infrastructure investment trust, is planning to raise Rs 1,000 crore via non-convertible debentures (NCDs) to finance acquisitions and repayment of existing debt. IndiGrid has announced the acquisition of 100 per cent of ReNew Solar Urja Private Limited (RSUPL). The deal is expected to be valued at Rs 1,650 crore, subject to regulatory approvals and closing adjustments. This includes the debt of around Rs 1,000-1,100 crore present at asset level. The pending consideration amount is to be funded through debt.<\/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-634293","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\/634293","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=634293"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/634293\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=634293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=634293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=634293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}