The Government of Singapore has announced an increase in the size of its divestment in IndiGrid Infrastructure Trust through a formal disclosure dated February 5, 2026. The decision was taken through its asset manager, GIC Pte. Ltd., which has exercised the oversubscription option for the sale of units on Indian stock exchanges. This move significantly raises the number of units being offered to investors and marks an important development for the infrastructure investment trust.
Initially, the transaction was planned with a base offer of 4,36,31,371 units. This base offer represented about 4.58 percent of the total unit capital of IndiGrid Infrastructure Trust. However, in a subsequent communication sent to BSE Limited and the National Stock Exchange of India, GIC confirmed that it would offer an additional 2,64,59,185 units. This additional portion accounts for around 2.78 percent of the total unit capital of the trust.
With the exercise of the oversubscription option, the total number of units offered for sale has increased to 7,00,90,556 units. Taken together, this expanded offer represents approximately 7.36 percent of the entire unit capital of IndiGrid Infrastructure Trust. The increase in offer size reflects strong market interest and allows the seller to divest a larger stake through the same transaction.
The sale of units is being carried out through a special window on the stock exchanges over a two-day period. February 5, 2026, was reserved for non-retail investors, allowing institutional and other large investors to place their bids. February 6, 2026, has been set aside for retail investors, as well as for non-retail investors who chose to carry forward their bids that were not allotted on the first day.
Following the increase in the total offer size, the seller has confirmed that 70,09,057 units have been reserved specifically for retail investors, subject to the receipt of valid bids. This reservation ensures participation from smaller investors in the transaction and provides them with an opportunity to invest in the InvIT.
The expanded sale follows an initial notice issued on February 4, 2026, which had laid out the basic structure of the divestment. The final decision to exercise the oversubscription option highlights a major liquidity event for IndiGrid Infrastructure Trust, as one of its key public unitholders reduces its holding.
The official disclosure was signed by Leong Wing Kwan, Managing Director, and Charles Lim Sing Siong, General Counsel, on behalf of GIC Pte. Ltd., acting as the asset manager for the Government of Singapore.
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