Secondary Issues
IndiGrid InvIT raises Rs.1,500-Cr via institutional placement
IndiGrid Infrastructure Trust has raised INR 1,500 crore through an institutional placement issue from existing and new investors.As many as 10 insurance companies and six mutual funds participated, with overall domestic institutional investors' and foreign institutional investors' contributions at 78% and 12%, respectively.This fundraiser follows IndiGrid's preferential issue of INR 438 crore completed in November 2025. With the completion of this institutional placement, IndiGrid has raised INR 1,938 crore in equity capital during the fiscal year 2025-26.Axis Capital, Ambit, Avendus Capital, NovaaOne Capital, and SBI Capital Markets acted as book-running lead managers to the issue. AZB & Partners and Hogan Lovells (Middle East) LLP acted as legal advisors.
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