Shrem InvIT scraps plans for NCDs; opts for loan to acquire 10 road SPVs

Shrem InvIT has abandoned its plan to raise Rs 10 billion via debentures to complete the acquisition of 10 SPVs associated with roads belonging to Dilip Buildcon Limited. Instead, the infrastructure investment trust (InvIT) will raise Rs 8.60 billion via term loans. By the end of December 2023, Shrem InvIT aims to acquire all new SPVs. The provisional completion dates for all 10 projects have been achieved.