Anniversory Offer

    InvITs targets Rs.13,000-cr mops up

    infrastructure investment trusts
    The first four infrastructure investment trusts (InvITs) hitting the capital market in 2017-18, are likely to mop up funds to the tune of about Rs.13,000 crore billion and this in turn, would potentially reduce the overall debt of developers, India Rating and Research said recently, claiming that fund raising will provide cash flow relief to the beleaguered infrastructure sector, helping these companies to deleverage their balance sheets and refinance remaining debt that can be pegged at around Rs.3,600 crore at lower costs. An InvITs offers an opportunity to promoters of projects to sell their stake in completed projects to the trust, which in turn can raise long-term and tax-free funds from unit holders. IRB Infrastructure Developers successfully closed its InvIT issue last week and other companies to follow include, Sterlite Power Grid Ventures, Reliance Infrastructure, and IL&FS Transportation Networks. Deleveraging will provide a fillip to the coverage metrics of special purpose vehicles housed under the InvIT structures and refinancing through bond, bank loans and will further improve the credit profile of the infra players.
    CURRENTLY ONLINE
    We have 348 guests and one member online

    NBM&CW

    New Building Material & Construction World

    New Building Material & Construction World
    MGS Architecture

    Modern Green Structures & Architecture

    Modern Green Structures & Architecture
    L&ST

    Lifting & Specialized Transport

    Lifting & Specialized Transport
    II&TW

    Indian Infrastructure & Tenders Week

    Indian Infrastructure & Tenders Week