Debt financing
NDR InvIT raises Rs.410-Cr from IFC, IIFCL
Mumbai-based NDR InvIT Trust has raised INR 410 crore from the International Finance Corporation (IFC) and India Infrastructure Finance Company Ltd (IIFCL) with each subscribing to INR 205 crore of the issue of 5-year secured, listed, redeemable non-convertible bonds with a 7.61% coupon.NDR InvIT Trust is sponsored by NDR Warehousing Pvt Ltd. The trust has an AUM of 21+ million sq ft and a diverse asset portfolio of 60+ warehouses and 39 Industrial parks, located in 17 cities.The fresh funds will be used by the company primarily for the acquisition of warehousing assets. This capital raise supports NDR InvIT's strategy to expand its high-quality logistics and warehousing portfolio across key markets in India and strengthen its platform for long-term growth in the infrastructure sector.
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