NDR InvIT, the first perpetual warehousing and industrial parks infrastructure investment trust listed on the National Stock Exchange of India, has announced a preferential issue to raise ₹726.8 crore (approximately $88 million USD). The proceeds will be utilized for the acquisition of assets, starting with NDR Space Private Limited, and to support capital expenditure aligned with the InvIT's growth strategy. This preferential issue complies with the Securities and Exchange Board of India (SEBI) regulations for InvITs and involves an infusion of cash consideration. The InvIT has also entered into Securities Purchase Agreements (SPAs) for a 100% shareholding in NDR Unique Space Private Limited, NDR Bigbox Private Limited, and NDR Space Private Limited. Sandeep Jain, the chief financial officer of NDR InvIT, emphasized that this capital raise will enhance their ability to pursue high-quality opportunities while maintaining disciplined capital allocation. The InvIT currently manages a portfolio of 22.17 million square feet across 75 warehouses and 42 industrial parks in 18 Indian cities, serving over 100 tenants. Demand for industrial and warehousing space remains strong, with a 22% year-on-year growth reported by Colliers, driven by third-party logistics firms.