India Grid Trust Is Offering up to 8.20% Interest on NCDs. Should You Invest?
Moneylife Digital Team 27 April 2021
India Grid Trust, a listed infrastructure investment trust (InvIT) holding power sector assets, is planning to raise up to Rs1,000 crore through the issuance of secured non-convertible debentures (NCDs). The first tranche of the public NCD issue will open tomorrow on 28 April 2021 and will close on 5 May 2021.
The NCDs will pay a minimum 6.75%pa (per annum) and maximum 8.20%pa as coupon....
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