NDR InvIT to raise Rs 7.26 billion via preferential issue to fund acquisitions

NDR InvIT, India’s first perpetual warehousing and industrial parks infrastructure investment trust (InvIT) listed on the National Stock Exchange, has announced a preferential issue aggregating up to Rs 7.26 billion. The proceeds from the issue are proposed to be utilised towards the acquisition of assets, starting with the acquisition of NDR Space Private Limited, and to fund capital expenditure requirements. The preferential issue, undertaken in accordance with the Securities and Exchange Board of India (Sebi) regulations for InvITs, will see an aggregate infusion of up to Rs 7.26 billion in cash consideration.