KKR and OTPP offload stake worth Rs 24.68 billion in Vertis Infrastructure Trust

KKR and Canadian pension fund Ontario Teachers’ Pension Plan (OTPP) have offloaded a stake worth Rs 24.68 billion in Vertis Infrastructure Trust, through an open market transaction. The transaction involved more than 251.7 million units of the InvIT aggregating to 16.67 per cent. On the buyer’s side, investors across the industry acquired stakes, including Larsen & Toubro (L&T), L&T Technology Services, LTI Mindtree, Phillip Services India, ICICI Prudential Mutual Fund, WhiteOak Capital Mutual Fund, Kotak Mahindra Life Insurance, 360 ONE Prime, Tata AIG General Insurance and National Pension System Trust.