IndiGrid Raises ₹11.4 Billion from IFC Through Debenture Issue

The company intends to use the money to fund its refinancing needs for 2024

April 21, 2023

/ Rakesh Ranjan
/ Finance and M&A, Grid
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IndiGrid, which is the first power sector Infrastructure Investment Trust (InvIT) to be listed on the stock exchange in India, has announced that the International Finance Corporation (IFC) has invested ₹11.4 billion (~$138.74 million) in its listed non-convertible debentures (NCD).

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Rakesh Ranjan

More articles from Rakesh Ranjan.
IFCIndiGridNon convertible DebenturesSolarTransmission
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