Everstone-backed IndoSpace, which develops and manages industrial and logistics parks in India, has started work on floating an infrastructure investment trust (InvIT) and raise around $700-800 million. This will be the largest InvIT in India. Talks are currently underway with investment bankers, which includes Morgan Stanley, Jefferies, and Goldman Sachs, among others. The InvIT is likely to hit the market in 2025-26.
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