PROJECT

Projects

Summary of Investment Information

Project Number

49975

Company Name

NDR InvIT Trust

Date SPI Disclosed

Dec 20, 2024

Country

India

Region

South Asia

Projected Board Date

Nov 14, 2024

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jan 4, 2025

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : Nov 25, 2024
Signed : Dec 11, 2024
Invested : Dec 24, 2024

Sector

Storage (Including Agricultural Products)

Project Description

The proposed IFC investment is a senior secured loan of up to US$150 million through subscription to non-convertible listed debt securities/debentures to be issued by NDR InvIT Trust (“the InvIT” or “NDR”). The said investment and any future investments up to the amount approved by the Board would be made in multiple tranches.

 

NDR is a AAA-rated entity that is India’s first and largest warehousing infrastructure investment trust (“InvIT”) with a market capitalization of US$481 million as of October 2024. NDR currently owns and manages close to 17 million square feet (sq. ft) of warehousing space across 33 parks in India. This warehousing space is contracted out on long-term contracts with a fixed payment stream to a diversified set of national and multinational customers.

 

NDR InvIT Managers Private Limited serves as the IM for the NDR InvIT Trust.

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation