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TVS Infrastructure Trust, an Infrastructure Investment Trust (InvIT) sponsored by TVS Industrial & Logistics Parks (TVS ILP), has raised INR 830 crore under the first tranche of its INR 1,100 crore Non-Convertible Debenture (NCD) programme. The funds were mobilised through a 20-year long-tenor bond issuance, extending up to 2046, and anchored by the National Bank for Financing Infrastructure and Development (NaBFID). Rated AAA by ICRA, the issuance is among the first of its kind in India's industrial infrastructure segment, reflecting growing investor confidence in institutionally governed infrastructure platforms. The capital raised will strengthen TVS ILP's infrastructure portfolio and support long-term development aligned with sustainable economic growth.
TVS Infrastructure Trust, an Infrastructure Investment Trust sponsored by TVS Industrial & Logistics Parks, has successfully raised INR 830 crore under tranche one of its INR 1,100 crore Non-Convertible Debenture programme. The capital was raised through a 20-year long-tenor bond issuance, making it one of the longest-dated debt instruments in India's industrial infrastructure space. Advertisement
The bond issuance was anchored by the National Bank for Financing Infrastructure and Development, highlighting institutional confidence in the platform and its long-term growth prospects. According to the company, the bonds extend up to the year 2046 and are rated AAA by ICRA, reflecting strong credit quality and stable cash flow expectations.
Ravi Swaminathan, Founder and Vice Chairman of TVS ILP, described the issuance as a milestone, noting that long-tenor bonds of this nature are among the first in the industrial infrastructure segment in India. NaBFID's Deputy Managing Director for Lending and Project Finance, Samuel Joseph Jebaraj, said the investment aligns with the development finance institution's mandate to support well-governed infrastructure platforms that contribute to sustainable economic development.
TVS Industrial & Logistics Parks is backed by a diversified shareholder base of more than 150 investors, including global and domestic institutions, family offices, and the International Finance Corporation. The latest fundraise further strengthens its ability to scale industrial and logistics infrastructure assets across the country.
Source - PTI
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