NDR Warehousing files draft InvIT papers to raise around Rs 11 billion

NDR Warehousing, logistics solution provider, backed by Investcorp, has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise approximately Rs 11 billion via the infrastructure investment trust (InvIT) route. If finalised, in terms of an asset class, this would be the first ever InvIT listing by a warehousing company. The InvIT would be used to fund construction of new projects and repay debt. The InvIT is expected to be launched in 2023-24.