TVS ILP lists its InvIT by raising Rs 13 billion

TVS Industrial and Logistics Parks (TVS ILP) has listed its infrastructure investment trust (InvIT), TVS Infrastructure Trust, on the National Stock Exchange (NSE). The TVS InvIT issued 20 billion units, of which units worth Rs 13 billion were subscribed by investors. The issue consisted of a fresh issue of Rs 10.5 billion and an offer-for-sale (OFS) component of Rs 2.5 billion. The InvIT houses 11 million sq. ft. of warehousing and industrial assets valued at around Rs 30 billion, drawn from TVS ILP’s 20 million sq. ft. platform.