Infrastructure investment trust Capital Infra Trust has announced raising Rs 2,363 crore through debt securities to strengthen its financial position.
Established in September 2023, Capital Infra Trust InvIT is sponsored by Gawar Construction Limited. It has investments in infrastructure projects primarily in NHAI road projects through acquisition from sponsors and third parties
"The trust announced the successful allotment of 1,16,300 senior secured redeemable, non-convertible debt securities (NCDs), each with a face value of Rs 1,00,000, aggregating to Rs 1,163 crores on March 4, 2025," Capital Infra Trust said in a release.
These securities, rated 'AAA stable' by CRISIL and named 7.60 per cent CIT 2038, will mature on January 29, 2038.
It further said HDFC Bank and IndusInd Bank have subscribed to the NCD, which aims to enhance investor yields by refinancing high-cost debt instruments of the project SPVs.
The entity also said it has allotted 1,20,000 secured listed redeemable .