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

Banking & Finance | Dated: 06 Jan 2025

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.

🎯 Key Highlights:

  • - 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.

💡 Other Important Facts:

  • (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.

📚 Test Your Knowledge:

Recently, NaBFID invested how much amount in long-term bonds of NDR InvIT?

Correct Answer: ₹745 crore

🚀 Quick Recap: