TVS Infrastructure Raises Rs.830 Crore in First Tranche
TVS Infrastructure Trust, an Infrastructure Investment Trust sponsored by TVS Industrial & Logistics Parks , announced that it has successfully raised Rs.830 crore under tranche-1 of its 1,100 crore Non-Convertible Debenture program.
The fundraise marks a significant milestone for the trust as it strengthens its long-term capital base to support the development and expansion of industrial and logistics infrastructure across India.
According to the company, the funds were mobilized through a 20-year long-tenor bond issuance, with the National Bank for Financing Infrastructure and Development acting as the anchor investor.
The issuance, which extends up to the year 2046, is among the first of its kind in India’s industrial infrastructure segment and reflects growing investor confidence in long-duration infrastructure assets.
Commenting on the development, Ravi Swaminathan, Founder and Vice Chairman of TVS ILP, says that the successful bond issuance underscores the maturity of India’s infrastructure financing ecosystem.
“This long-tenor bond issuance, extending up to the year 2046, is among the first of its kind in India’s industrial infrastructure space. It demonstrates strong institutional confidence in the quality, governance, and long-term sustainability of our platform,” he says.
Samuel Joseph Jebaraj, Deputy Managing Director — Lending & Project Finance at NaBFID, said the investment aligns with the development finance institution’s broader mandate.
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“This investment is aligned with NaBFID’s objective to support institutionally governed infrastructure platforms that contribute meaningfully to India’s sustainable economic development,” he says, adding that long-tenor financing is crucial for strengthening core infrastructure sectors.
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The bonds issued under the program are rated AAA by ICRA, reflecting their strong credit profile. TVS ILP is backed by a diversified shareholder base of over 150 investors, including leading global and domestic institutions, family offices, and the International Finance Corporation, providing further strength to the InvIT’s governance and financial stability.