India Grid Trust trades higher on raising long term NCDs from IFC totaling Rs 1,140 crore
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India Grid Trust is currently trading at Rs. 138.48, up by 1.03 points or 0.75% from its previous closing of Rs. 137.45 on the BSE.
The scrip opened at Rs. 137.60 and has touched a high and low of Rs. 138.59 and Rs. 137.60 respectively. So far 20734 shares were traded on the counter.
The BSE group 'IF' stock of face value Rs. 94.12 has touched a 52 week high of Rs. 153.88 on 04-May-2022 and a 52 week low of Rs. 128.00 on 10-Mar-2023.
Last one week high and low of the scrip stood at Rs. 138.98 and Rs. 136.00 respectively.
India Grid Trust (IndiGrid) has raised long term NCDs from International Finance Corporation (IFC) totaling Rs 1,140 crore. With a total tenure of 18 years, the NCD were priced at a competitive rate that is fixed for a long tenure. IndiGrid plans to utilize this debt for funding its upcoming refinancing opportunities in FY 24.
India Grid Trust is an Indian power sector infrastructure investment trust.
