Page 2 - Invit

After energy and transmission, investment major KKR launches highway InvIT

Its InvITs have a combined value of $3.8 billion and cover 33 assets in 22 states

National Highways Infra Trust to raise Rs 2,350 cr via bonds, bank loans

To fund acquisition of three projects from NHAI, with which it will sign a concession agreement for 20 years

Railway asset monetisation through Rs 18,000 cr InvIT unlikely in FY23

Both the finance ministry and Union cabinet have recently come down heavily on railways and asked it to expedite its monetisation efforts

NHAI offers three additional roads to its InvIT totalling 247 km

NHAI chairperson Alka Upadhyaya said with the success of NHAI InvIT, the state-owned agency has continued to deliver on its commitments under the National Monetisation Pipeline (NMP)

Cube Highways Trust to raise Rs 12,075 cr debt to prepay old loans

Existing loans pertain to 17 projects; firm proposes to 18 toll road assets and one annuity road asset from the sponsor Singapore-based Cube Highways group

IL&FS InvIT gets first road asset, acquires Moradabad-Bareilly Expressway

IL&FS Transportation Networks Ltd, in a stock exchange filing, said the company has received the final consideration in the form of 59.04 million units of Rs 100 each issued by the InvIT

EPFO approves diversification of investments to up to 5% of annual deposits

The decisions will mean EPFO is diversifying its investments into asset classes that will enhance the yield on investments, but also carry fair amount of risks

CPPIB and Ontario Teachers' Pension Plan bag NHAI's maiden InvIT

CPPIB, Ontario Teachers' Pension Plan will be anchor investors of Rs 6k-cr issue

IL&FS seeks NCLT approval to place Rs 4,000 crore of assets in InvIT

With the NCLT approval, a total of 11 projects would be ready for monetisation through the InvIT route

KKR-backed firm raises Rs 460 crore in India's first renewable InvIT

Virescent Renewable Energy Trust was floated in February this year by Virescent Infrastructure, which was set up in 2020 and is backed by global investment firm KKR

GAIL proposes two pipelines to be monetised via InvIT, awaits Centre's nod

Company says it incurred a capex of Rs 5,000 crore on these two pipelines, silent on project names

NHAI's Infrastructure Investment Trust set to be launched next month

The initial set of roads to be offered via the InvIT are part of national corridors, providing long-term prospects

Power Grid InvIT of Rs 7,735 crore subscribed 56%, closes on Monday

The price band for the IPO is 99-100 per unit of Rs 100 each

Power Grid launches PGInvIT, could offer 18 more assets in future

Sets price band at Rs 99-100 per unit for the public offer

PowerGrid to offer Rs 10,384 crore worth of assets in InvIT next week

After IndiGrid and IRB InvIT fund, this will be the third publicly listed InvIT for the country and the second in the power transmission sector

Irdai allows insurers to invest in debt instruments of InvITS and REITS

Securities should not be rated below 'AA' under the "approved investment" category. In case the instrument is subsequently downgraded, it will be part of "other investments"

NHAI InvIT: Govt awaits Sebi clearance to replace urban with rural areas

The road stretches in the urban areas, which were part of the earlier InvIT offering, have been removed in the proposal and replaced with the roads in rural areas

State-owned GAIL plans to launch pipeline InvIT before company split

State-owned gas utility GAIL (India) Ltd plans to launch an InvIT of its two gas pipelines between Dahej and Bengaluru

IRB Infra InvIT completes second fund raising round by securing Rs 510 cr

IRB will continue to hold 51% and GIC affiliates will continue to hold a 49% stake in the IRB Infrastructure Trust

Air India: US based fund in talks with banks, others to join the bid

The InvIT structure will help the fund to encourage institutional investors to participate in Air India's growth story once its privatisation is over