InvITs/REITs

NHAI has received approval from the Securities and Exchange Board of India (SEBI) to launch its maiden InvIT to raise Rs 51 billion. NHAI plans to offer 19 projects worth Rs 350 billion under the […]

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 […]

Power Grid Corporation of India Limited (Powergrid) has filed draft papers for an initial public offering (IPO) of its first InvIT for around Rs 80 billion. Powergrid will be the first state-run entity to monetise […]

GAIL plans to launch an InvIT for its two gas pipelines between Dahej and Bengaluru ahead of a proposed splitting of the pipeline business from the gas marketing vertical. These pipelines are the Dahej-Uran-Panvel-Dabhol pipeline […]

KKR-backed Virescent Infrastructure has floated the first 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 […]

The Bharat Road Network Limited (BRNL) has signed an agreement with India Highway Concession Trust, an InvIT set up by Caisse de dépôt et placement du Québec (CDPQ), for the sale of a build-operate-transfer (BOT) […]

Infrastructure Leasing and Financial Services (IL&FS) will launch its infrastructure investment trust (InvIT) soon. Through this move it will convert the outstanding debt owed to banks in 10 road projects into units of the trust. […]

Reliance Infrastructure Limited (RInfra) has completed the sale of its entire 74 per cent equity stake in Parbati Koldam Transmission Company Limited (PKTCL) to the India Grid Trust (IndiGrid) for an enterprise value of Rs […]

The Securities and Exchange Board of India (SEBI) has allowed unlisted infrastructure investment trusts (InvITs) to come up with rights issues in a bid to make it easier for them to raise funds. According to […]

Reportedly, NHAI is set to come up with its Rs 50 billion InvIT by early 2021. NHAI’s InvIT, the first to be sponsored by any government entity in the country, will initially consist of the […]

Reportedly, Infrastructure Leasing & Financial Services [IL&FS] Limited has finalised the InvIT structure for its road assets in order to resolve its debt of about Rs 150 billion. IL&FS has set up Roadstar Infra Private […]

The Abu Dhabi Investment Authority (ADIA) and Saudi Arabia’s Public Investment Fund (PIF) have jointly invested $1.01 billion in the Digital Fibre Infrastructure Trust (DFIT), which holds Reliance Industries Limited’s (RIL) fibre optic assets. According […]

NHAI has set up a four-member search-cum-selection panel to manage its upcoming infrastructure investment trust (InvIT). As a part of the process for setting up the InvIT, a new company is being formed to act […]

Tata Power Limited plans to set up an InvIT for its renewable energy assets and look for investors as part of a broader plan that also involves selling non-core units to slash debt. The company’s […]

The Abu Dhabi Investment Authority (ADIA) has revived talks to invest close to $1 billion (about Rs 75 billion) in Reliance Industries’ InvIT, Jio Digital Fibre, for up to a 25 per cent stake. This […]