Interise Trust, formerly known as IndInfravit Trust, has announced that its Investment & Finance Committee approved the issuance of Non-Convertible Debentures (NCDs) up to Rs 2,075 crore in one or more tranches. The approval was given during the committee meeting held on October 6, 2025. This development follows the earlier intimation dated September 30, 2025 and is in line with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, as amended.

Details of the NCD Issuance

The Non-Convertible Debentures are being issued by Interise Trust through its Investment Manager, Interise Investment Managers Private Limited (formerly LTIDPL IndvIT Services Limited). The NCD issuance, if undertaken, will be conducted within the overall approved borrowing limits of the Trust, ensuring that the Trust’s financial obligations remain compliant with regulatory norms.

The approval of the NCD issuance aims to strengthen the Trust’s financing capabilities, enabling it to fund projects, maintain liquidity, and support investment operations across its portfolio. Non-Convertible Debentures are a key instrument for Infrastructure Investment Trusts (InvITs) to mobilize funds from institutional and retail investors while ensuring a structured repayment schedule.

Compliance and Corporate Governance

The issuance has been intimated to the stock exchanges — BSE and NSE, under the respective trading symbols INTERISE, and also shared with the debenture trustee, Axis Trustee Services Limited, and the Trustee to Interise, IDBI Trusteeship Services Limited. This ensures full transparency with investors and adherence to corporate governance standards.

The approval process aligns with SEBI’s regulatory framework, ensuring that all actions taken by Interise Trust remain compliant with applicable InvIT regulations, LODR rules, and SEBI circulars. The detailed intimation highlights the Trust’s commitment to financial discipline and structured debt management.

Implications for Investors and Market

For investors, the approved NCD issuance up to Rs 2,075 crore offers an opportunity to participate in the growth of Interise Trust while earning fixed income from debenture investments. The issuance is expected to provide capital for ongoing and new infrastructure projects, supporting revenue generation and enhancing the Trust’s financial stability.

By leveraging NCDs, Interise Trust can de-risk operational financing while maintaining the flexibility to manage its borrowing strategy. The move is also likely to boost investor confidence, as the Trust demonstrates strong governance and prudent financial planning.

About Interise Trust

Interise Trust, previously known as IndInfravit Trust, is a leading Infrastructure Investment Trust registered with SEBI under Regn. No. IN/InvIT/17-18/0007. The Trust focuses on investment in revenue-generating infrastructure assets and is managed by Interise Investment Managers Private Limited, which provides strategic and operational oversight. The Trust has a registered office at Powai, Mumbai, and maintains robust corporate governance practices to ensure transparency, compliance, and investor protection.

The Trust has been actively leveraging capital market instruments to fund infrastructure projects, including Non-Convertible Debentures, which provide long-term funding solutions while offering investors a fixed return.

Conclusion

The approval of the NCD issuance up to Rs 2,075 crore by Interise Trust signifies a major step in enhancing its financial flexibility and funding capacity for infrastructure investments. The action demonstrates the Trust’s commitment to investor transparency, regulatory compliance, and corporate governance.

Investors, stakeholders, and market participants can view this development as a strategic move to strengthen the Trust’s portfolio and financial position, ensuring long-term sustainability and growth in the infrastructure investment sector.

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