The fund-raising mode will prove an important tool for development, say analysts
Mumbai, May 8:
As many as five more infrastructure companies are moving ahead with issue of infrastructure investment trusts (InvITs) after IRB Infrastructure Developers InvIT got oversubscribed 8.5 times.
Market analysts project between 15,000 crore and 20,000 crore being raised through the InvITs this year helping release locked up funds of banks and the equity capital of the developers in infrastructure projects.
InvIT is definitely one of the new and most sought after tools for infrastructure companies which are leveraged and have operating and cash generating assets. As all infrastructure companies have large debt exposure where the c…
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