IndiGrid Infra Trust Launches ₹1,500 Crore QIP for Growth and Acquisitions
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CNBC TV18•20-01-2026, 07:46
IndiGrid Infra Trust Launches ₹1,500 Crore QIP for Growth and Acquisitions
- •IndiGrid Infrastructure Trust Ltd. initiated a Qualified Institutional Placement (QIP) on Tuesday, January 20, aiming to raise up to ₹1,500 crore.
- •The QIP includes a base issue size of ₹1,200 crore and a greenshoe option of ₹300 crore, issuing up to 9.2 crore units.
- •The floor price for the QIP is set at ₹167.42 per unit, a premium over Monday's closing price.
- •IndiGrid is acquiring Gadag Transmission Ltd. for approximately ₹372 crore, expanding its transmission infrastructure.
- •The acquisition of Gadag Transmission, which evacuates solar power from Gadag Solar Energy Zone in Karnataka, will be funded through equity, internal accruals, and debt.
Why It Matters: IndiGrid Infra Trust is raising ₹1,500 crore via QIP to fund growth and strategic acquisitions like Gadag Transmission.
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