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    RInfra plans Rs. 5,000-cr via InvITs

    Reliance Infra
    In order to meet the investment requirement of its on-going and upcoming projects and also pare its debt component in the infrastructure sector, Reliance Infrastructure has decided to raise Rs. 5,000-cr through Infrastructure Investment Trust (InvITs). The renowned infra builders of the country like IRB, GMR and IL&FS are keen to launch their infrastructure investment trust, which gives them an opportunity sell their stake in completed projects to the trust, which in turn enable it to raise long-term and tax-free funds from unit holders, said an industry insider, adding that Reliance Infrastructure's trust will own 10 road projects, and the company is keen to add another road project in case the concerned authority gives 'go ahead' signal. The company is a developer and contractor of infrastructure projects, and has recently diversified into the defence sector.
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