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SBICAPS congratulates indigrid for the successful completion of – INR

SBICAPS is thrilled to share the announcement made by Indigrid about the successful completion of ~6700 million of Qualified Institutional...

SBICAPS is thrilled to share the announcement made by Indigrid about the successful completion of ~6700 million of Qualified Institutional Placement (QIP) for India’s first publicly listed InVIT in power transmission sector – India Grid Trust (Indigrid) as a book running lead manager for this placement. The issue comes after Indigrid completed the 100% acquisition of Virescent Renewable Energy Trust, the only renewable energy sector InvIT in India earlier this year.

The issuance of ~52.7 million units garnered an overwhelming response from both existing and new Indian and global institutional investors. SBICAPS mobilized a significant portion of the book size with more than 90% of the demand coming from long term investors like insurance companies, pension funds, mutual funds and domestic institutions.

We are delighted to be a part of the team in achieving this remarkable milestone. Congratulations to the entire team of SBICAPS and Indigrid and look forward to achieving many more milestones together!!

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