Virescent Infrastructure seeks SEBI approval for its renewable InvIT

KKR-backed Virescent Infrastructure has floated the first infrastructure investment trust (InvIT) in the green power space and sought approval from the Securities and Exchange Board of India. The company is in the process of acquiring a portfolio of operational solar assets of close to 76 MWp at different locations including Patan (Gujarat), Jodhpur (Rajasthan) and Mohaba (Uttar Pradesh). These assets would be vested in the InvIT. The InvIT aims to achieve approximately 1.5 GW of assets in the next two to three years.

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