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Low-Risk Business Model

  • A minimum of 80% of the value of a public InvIT should be invested in "finished and revenue-generating infrastructure projects."
  • Tariffs are based on the availability of resources that have been pre-contracted.
  • Due to the built-in tariff payment security mechanism, there is very little counterparty risk.
  • Exposure to under construction or liquid assets cannot exceed 10% of an InvIT's assets.

Predictable DPU Growth

  • Every six months, at least 90% of net distributable cash flows must be distributed to unitholders.
  • Instead of the prescribed half-yearly distribution, the unitholders will receive a quarterly distribution.
  • Long-term contracts with a technical asset life of more than 50 years.
  • Optimise cash upstreaming from SPVs to IndiGrid and its unitholders.

Robust Balance sheet

  • Leverage cap of 70% on borrowing.
  • AAA rated by CRISIL, ICRA, and India Ratings.
  • Active and prudent liability management by focusing on long-term loans.
  • Maintain an optimal capital structure by raising pre-emptive capital to support future acquisitions.

Best in class corporate governance

  • The Investment Manager Board of Directors is made up of 50% independent directors.
  • Asset valuation and physical inspection are performed on a quarterly basis.
  • Any debt that exceeds 25% of the asset value requires a vote of the unitholders.
  • Specified Related Party Transactions involving more than 5% of the asset value require a majority vote.
  • In the last ten unitholders meetings, investors approved more than 98 percent of the proposals (except one).