Brief: India Grid Trust Says NER-II Transmission Deal Will Add To Cash Flow

IndiGrid Infrastructure Trust

05/03/2021 14:03

March 5 (Reuters) - India Grid Trust  IGTR.NS :
    * NER-II TRANSMISSION DEAL TO ADD 400-450 MILLION RUPEES PER
YEAR
TO NET DISTRIBUTABLE CASH FLOW
    * DEAL WILL BE FUNDED VIA INTERNAL ACCRUALS, DEBT, EQUITY
PROCEEDS
FROM PREFERENCE ISSUE, NEW RIGHTS ISSUE
    * NET DEBT/AUM WOULD STAND AT ABOUT 64% POST DEAL
    * ACQUISITION WOULD BE DPU ACCRETIVE

Source text for Eikon:  ID:nBSEbpx1t1 
Further company coverage:  IGTR.NS 

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