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IL&FS, Sterlite Power seek Sebi nod for infra investment trusts
Thursday, July 21, 2016 | News Source: business-standard.com | Company: IL&FS
  

IL&FS Transportation and Sterlite Power Transmission Trust filed an application with market regulator Securities and Exchange Board of India (Sebi) to raise funds through an Infrastructure Investment Trust (InvITs).

Like real estate investment trusts (Reits), InvITs are instrument through which investors can take exposure to income-generating infrastructure assets. Although, framework for both Reits and InvITs has been place for more than a year, however no issuers has raised money through these instruments.

IL&FS Transportation and Sterlite Power Transmission Trust are likely to be the first companies to raise capital through InvITs.

According to reports, Sterlite Power Grid Ventures Ltd is planning to raise around Rs.2,500-3,000 crore and would use the fund partly to reinvest in existing projects.








Original News Link:-http://www.business-standard.com/article/companies/il-fs-sterlite-power-seek-sebi-nod-for-invits-116072101209_1.html




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