Education

IndiGrid Investment Managers board to consider Rs 1,500-cr rights issue

NEW DELHI: The board of IndiGrid Funding Managers will meet on Tuesday to resolve on a proposal associated to elevating Rs 1,500 crore by means of a rights situation, in line with a BSE submitting.

IndiGrid Funding Managers Restricted is the funding supervisor of the India Grid Belief (IndiGrid), an infrastructure funding belief.

In a BSE submitting on Monday, IndiGrid mentioned the dimensions of the problem is the quantity authorised by the board of administrators of the IndiGrid Funding Managers Restricted on January 22, 2021 and is topic to the ultimate choice of the board of administrators of the funding supervisor.

On January 22, 2021, the board had met to contemplate a decision to boost capital as much as an mixture worth not exceeding Rs 1,500 crore by the use of situation of items of IndiGrid to its eligible unitholders on a rights foundation.

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