IndiGrid has acquired the solar portfolio of Madrid-based Fotowatio Renewable Ventures (FRV) in a deal worth Rs 6.6 billion (nearly $90 million) at current exchange rates. IndiGrid has signed a purchase agreement with FRV Solar […]
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 NHAI is expected to operationalise the country’s first government-sponsored infrastructure investment trust (InvIT) by March 2021. Reportedly, about six road assets worth Rs 50 billion have been given in-principle approval for transfer to the […]
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 […]
The Larsen & Toubro (L&T) Group-run IndInfravit has completed the acquisition of 100 per cent stake in eight operational road projects of Sadbhav Infrastructure Project Limited at an enterprise value of Rs 63 billion. […]
The Ministry of Power has moved a cabinet note seeking approval for the monetisation of Power Grid Corporation of India Limited’s (Powergrid) transmission lines through an InvIT. It aims to raise Rs 100 billion […]
IndiGrid has announced the acquisition of another transmission asset worth $134 million, East-North Interconnection Company Limited (ENICL), from Sterlite Power. For the purpose of refinancing existing debt in ENICL, IndiGrid has availed funding of […]
IndiGrid has approved a proposal to acquire Gurgaon Palwal Transmission Limited (GPTL), valued at Rs 10.8 billion, from Sterlite Power Transmission Limited. The acquisition will increase the assets under IndiGrid’s management by 10 per […]
As part of the monetisation of Sadbhav Infrastructure Project Limited’s nine operational road projects to L&T-run IndInfravit Trust, the InvIT has allotted 188.9 million units at a price of Rs 1.17 per unit to certain […]
NHAI is planning to raise about Rs 400 billion through monetisation of its highway assets through an InvIT. Besides, the authority has identified a number of completed road projects valued at about Rs 600 billion […]
The board of IL&FS Transportation Networks Limited (ITNL) has approved the setting up of a new arm to manage a proposed infrastructure investment trust (InvIT). The company’s board also granted in-principle approval to transfer its […]
Edelweiss Alternative Asset Advisors Limited has commenced Phase II of fundraising for its infrastructure investment trust (InvIT) Edelweiss Infrastructure Yield Plus Fund (EIYP), and is likely to close the fund at $750 million by early […]
Reportedly, Caisse de dépôt et placement du Québec (CDPQ) is planning to set up an InvIT to house road assets acquired by the Canadian pension fund manager. It is exploring the setting up of an […]
In a bid to attract long-term investors, Bharti Airtel and Vodafone Idea Limited (VIL) are planning to turn their proposed optic fibre network joint venture (JV) into an infrastructure investment trust (InvIT). Under the planned […]
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