NDR InvIT Plans ₹726.8 Crore Fundraising to Expand Warehousing Operations
NDR InvIT to raise Rs 726.8 crore in preferential issue, accelerating drive to build India’s largest warehousing platform
The Economic Times
Image: The Economic Times
NDR InvIT, India's first perpetual warehousing and industrial parks investment trust, aims to raise ₹726.8 crore (approximately $88 million USD) through a preferential issue to finance acquisitions and capital expenditures. This move follows a recent ₹410 crore bond issuance, reflecting the Trust's aggressive growth strategy in the logistics sector.
- 01NDR InvIT plans to raise ₹726.8 crore through a preferential issue.
- 02The Trust recently completed a ₹410 crore bond issuance.
- 03NDR InvIT aims to acquire NDR Space Private Limited as part of its expansion.
- 04The Trust's operational area now totals approximately 22.96 million square feet.
- 05NDR InvIT serves over 100 tenants across various sectors.
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NDR InvIT, based in Bengaluru, is set to raise ₹726.8 crore (approximately $88 million USD) through a preferential issue as part of its strategy to expand its warehousing and industrial parks portfolio. This fundraising follows a successful ₹410 crore bond issuance in March 2026, demonstrating strong institutional interest in infrastructure-backed assets. The funds will primarily be used for asset acquisitions, including the planned purchase of NDR Space Private Limited. Recently, NDR InvIT acquired two operational warehousing properties in Kochi and Coimbatore for around ₹260 crore, increasing its total operational area to 22.96 million square feet. The Trust has made significant strides since its inception in February 2024, having added 2.01 million square feet of grade-A assets in various cities. With a diverse tenant base across sectors such as e-commerce and logistics, NDR InvIT is positioned as a credible player in India's logistics infrastructure landscape.
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The fundraising will enhance NDR InvIT's capacity to acquire quality assets, potentially leading to increased job opportunities and improved logistics services in the regions where it operates.
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