NaBFID Invests ₹745 Crore in Long-Term Bonds of NDR InvIT.

Banking & Finance

In December 2024, the National Bank for Financing Infrastructure and Development (NaBFID), based in Mumbai, Maharashtra, invested Rs 745 crore in long-term bonds issued by NDR InvIT.


      - The funds raised through 15-year bonds, rated AAA/stable by Indian rating agencies, will support NDR InvIT's growth strategy, focusing on the development of industrial parks and warehousing facilities along key economic corridors in India.

     

     

Main Point :-   (i) NDR InvIT, a SEBI-licensed Infrastructure Investment Trust, is managed by NDR InvIT Managers and sponsored by NDR Warehousing Private Limited.

      (ii) NDR InvIT Trust is the first "Perpetual Warehousing and Industrial Parks" InvIT to be listed on the Indian Stock Exchange (NSE).

(iii) In September 2024, the Government of India (GoI) notified NaBFID as a 'Public Financial Institution (PFI)' under the Section 2 of the Companies Act, 2013.

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