L&T’s IndInfravit allots Rs 188.9 million units to investors

As part of the monetisation of Sadbhav Infrastructure Project Limited’s nine operational road projects to L&T-run IndInfravit Trust, the InvIT has allotted 188.9 million units at a price of Rs 1.17 per unit to certain investors to raise up to Rs 22.05 billion. The InvIT has also allotted up to 62.09 million units at a price of Rs 116.75 per unit to Sadbhav Infrastructure, for consideration other than cash, subject to the approval of unit holders of the IndInfravit Trust.

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