IndiGrid has made an announcement stating that the International Finance Corporation (IFC) has subscribed to a listed non-convertible debenture (NCD) issuance of IndiGrid, amounting to Rs 11.4 billion. With a total tenure of 18 years, these NCDs were offered at a competitive rate suitable for a long duration. IndiGrid plans to utilise the funds from this debt issuance to support its upcoming refinancing opportunities in 2023-24.
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