IFLR1000

India Grid Trust Rs25.14 billion preferential issue

4/5/2019
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Re 25.14 billion

$ 354.583 million

Completed

4/5/2019

Overview:

  • Infrastructure investment trust, India Grid Trust undertook a Rs25.14 billion preferential issue of 299.6 million units.
  • This is the first-ever preferential issue to institutional investors by an Infrastructure Investment Trust

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Practice area:

Capital markets : Equity

Industry sector:

Energy

Firms:
Cyril Amarchand Mangaldas

Party: India Grid Trust (Issuer)

Party: Sterlite Power Grid Ventures (Sponsor)

S&R Associates

Party: Edelweiss Financial Services (Lead manager)

Party: Axis Capital (Lead manager)

Party: Citigroup Global Markets (Lead manager)

Party: IndusInd Bank (Lead manager)

Lawyer: Venkatesh Vijayaraghavan

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