Indigrid has posted good results and increased payout to 3.45 and guided a similar amount per quarter for FY24. Lot of new developments to digest. 1. Huge 4000 cr acquisition of a renewables InvIT from KKR. This will be significant large acquisition in renewables space. Implications vis-a-vis a transmission asset need to be studied.
https://epaper.business-standard.com/bs_new/index.php?rt=main/mainpage#
2. Proposal to hike Investment Management fee. Details in presentation.
3. Money will be raised through equity or debt. In case of equity, not below 5% of prevailing price. That is what I gathered from presentation.
All the above will be taken up in EGM.
It will be interesting to attend concall on 15th.
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