IL&FS targets Rs. 5000-cr infra funds under InvIT

    ILFS Infrastructure Investment Trust
    In a first of its kind move under the Infrastructure Investment Trust (InvIT) instrument, Infrastructure Leasing & Financial Services (IL&FS) is all set to generate Rs. 5,000-cr to match its infra investment requirement. In fact, it plans to put four of its 30 big projects into the InvIT, initially testing the recently allowed trusts owning income-generating assets to raise capital for the infrastructure build-up in Asia's third largest economy. On this score, the market regulator and the finance ministry have been supportive as it is working towards becoming the first InvIT to list on the bourses, MD & CEO, IL&FS Financial Services, Ramesh C Bawa said, adding that Nomura, Standard Chartered, Deutsche Bank, Credit Suisse, and Axis Capital, are said to be advising on the listing process. InvITs are trusts that behave like mutual funds offering individual and institutional investors’ regular yields and liquidity, which are often inflation-indexed, he added.
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