In an attempt to meet its infra investment requirement, Reliance Infrastructure is all set to hit the capital market with the initial public issue of its infrastructure investment trust (InvIt) for generating Rs.2,500 crore. In this connection, the company received final go-ahead from the Securities and Exchange Board of India, official sources said, adding that this will make Anil Ambani led-Reliance Infrastructure the third company to take the InvIT route after IRB Infrastructure Developers and Sterlite Power Grid. InvIT 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.
