Capital Infra Trust To Raise Rs 2,363 Crore Through Debt Securities

Capital Infra Trust announced that it will be raising Rs 2,363 crore through debt securities to strengthen its financial position.

"The trust announced the successful allotment of 1,16,300 senior secured redeemable, non-convertible debt securities, each with a face value of Rs 1,00,000, aggregating to Rs 1,163 crores on March 4, 2025," the firm said in a release.

It was reported that HDFC Bank and IndusInd Bank subscribed to the NCD, which was allotted with the goal to enhance investor yields by refinancing high-cost debt instruments of the project special purpose vehicle.

The entity has allotted 1,20,000 secured, listed, redeemable, non-convertible debt securities through private placement, each with a face value of Rs 1,00,000, totalling Rs 1,200 crore.

"The funds raised through this issuance will optimise the interest rate by refinancing existing loans and debt instruments of the Project SPVs. The NCDs were fully subscribed by new lenders, namely India Infrastructure Finance Company Limited and ICICI Bank," it said.

"The successful allotment of both the Series of NCDs marks a pivotal moment for us, demonstrating the investment community's trust in our robust financial strategy and growth potential. This move will help in building new benchmarks, enhance returns, and ensure long-term sustainability," said Manish Satnaliwala, CEO of Capital Infra Trust.

India's infrastructure investment trust announced its first distribution of Rs 12.71 (Feb. 27) per unit, comprising interest income of Rs 0.11 per unit, a taxable dividend of Rs 11.22 per unit, and a tax-exempt dividend of Rs 1.38 per unit. This interim payout was made to eligible unitholders for a portion of the third quarter of the fiscal year.

Capital Infra Trust stated that the InvIT was established to undertake activities and make investments as an infrastructure investment trust, in accordance with the SEBI InvIT Regulations.

It said the sponsoring company specialises in constructing road and highway projects across 19 states in India for various government bodies, including the NHAI, MoRTH, MMRDA, and CPWD.

Established in September 2023, Capital Infra Trust InvIT is sponsored by Gawar Construction Ltd. It has investments in infrastructure projects primarily in NHAI road projects through acquisition from sponsors and third parties.

(With Inputs From PTI)