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IndiGrid said on Thursday it has raised ₹1,140 crore through the issue of non-convertible debentures, that were subscribed to by International Finance Corporation. With a total tenure of 18 years, the NCDs were priced at a competitive rate that is fixed for a long tenure. IndiGrid plans to utilise this debt for funding its upcoming refinancing opportunities in FY24.
Also read: High interest rates, cost of capital should make pricing reasonable: IndiGrid CEO
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