Sterlite Grid 32 refinances Mumbai Urja Transmission Project
Sterlite Grid 32 Ltd (SGL32) has refinanced its Mumbai Urja Transmission Limited (MUML) project through listed non-convertible debentures (NCDs), its first NCD issuance since its joint venture with GIC of Singapore. The NCDs are rated AA+ stable by CRISIL and were secured by bidders including the National Bank for Financing Infrastructure & Development (NaBFID) and…