IFC invests Rs 1,140 crore in IndiGrid’s NCD issuance

IFC invests Rs 1,140 crore in IndiGrid's NCD issuance

International Finance Corporation (IFC) has subscribed to a listed NCD issuance of IndiGrid aggregating to 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 FY24.