In an effort to extend its road portfolio, India’s IndInfravit Trust would acquire five operating road projects from entities owned by Brookfield Asset Management for around $1.2 billion, including debt. The agreement with Canada’s Brookfield […]
The National Highways Authority of India (NHAI) is planning to raise up to Rs 40 billion for its infrastructure investment trust (InvIT), which is set to accelerate road asset acquisition, likely by forming a new […]
The Ministry of Railways (MoR) is planning to monetise the redeveloped stations through real estate investment trusts (REITs). While the target for 2022-23 is close to Rs 300 billion, the MoR is planning to offer […]
The board of directors of IRB Infrastructure Developers Private Limited has approved a preliminary non-binding proposal for transfer of the Padra-Vadodara Expressway Project (Vadodara-Mumbai Expressway) to the IRB InvIT fund. The company has completed 22.585 […]
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 […]
The maiden infrastructure investment trust (InvIT) promoted by the NHAI, through which it aims to raise Rs 51 billion, is likely to launched by June 2021. However, the NHAI InvIT will be out of bounds […]
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. […]
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 […]
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