In order to ensure sufficient fund flow to its upcoming projects, Reliance Infrastructure has decided to list its Rs.3,000-cr Infrastructure Investment Trust (InvIT) this year itself, Chief Executive Officer, Lalit Jalan said, elaborating that Reliance Infrastructure also needs approval from the National Highways Authority of India (NHAI) and lenders to transfer the 10 road projects proposed to be held under the trust. The company is however confident that the necessary approvals will be in place by next month and expects that the final clearances will also be in place shortly after that. The company is already in talks with prospective investors from India and abroad but will have to wait for the insurance regulator's approval before insurance and provident fund companies can invest in the InvIT.
📅Published on:
18 February 2017
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