TVS Infrastructure Trust Raises Rs 830 Crore via 20-Year Bond in NCD Programme

TVS Infrastructure Trust, sponsored by TVS Industrial Logistics Parks, raised Rs 830 crore through the first tranche of a Rs 1,100 crore non-convertible debenture (NCD) programme via a 20-year bond issuance. The National Bank for Financing Infrastructure and Development (NaBFID) acted as the anchor investor. The bonds, rated AAA by ICRA, aim to reduce debt costs and support portfolio expansion, marking one of the longest-tenor debt raises in India's industrial infrastructure sector.