TVS Infrastructure Trust, an Infrastructure Investment Trust (InvIT) sponsored by TVS Industrial & Logistics Parks (TVS ILP), has successfully raised ₹830 crore under Tranche I of its ₹1,100 crore non-convertible debenture (NCD) programme. The issuance, with a 20-year tenor maturing in 2046, is among the longest-tenor debt raises in India’s industrial and warehousing InvIT segment.
The NCDs carry a coupon rate of 7.42% and have been rated AAA by ICRA. The National Bank for Financing Infrastructure and Development (NaBFID) acted as the anchor investor, underscoring strong institutional confidence in the platform.
TVS Infrastructure Trust said the balance ₹270 crore under Tranche II will be raised based on market conditions and strategic requirements.
Ravi Swaminathan, Founder and Vice Chairman, TVS ILP, said the long-tenor issuance reflects the group’s commitment to building durable, future-ready industrial infrastructure aligned with India’s long-term development goals and the India@100 vision.
Nitin Aggarwal, CEO, TVS Infrastructure Trust, said the InvIT aims to expand its portfolio to 20 million sq ft, with a strategic focus on emerging Tier 2 and Tier 3 markets, supported by high-quality assets leased to a diversified base across manufacturing, e-commerce, FMCG and FMCD sectors.
TVS Infrastructure Trust is backed by over 150 investors, including IFC, L&T, family offices, and leading global and domestic institutions.