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Sterlite Grid eyes Rs 3k-cr funds via infra trust

First such application from power transmission company, could raise up to Rs 3,000 crore

Shreya Jai  |  New Delhi 

Sterlite Grid Power Ventures has applied to raise funds through Infrastructure Investment Trusts (InvITs), the first power infrastructure company to do so. The company, a leading operator of independent power transmission networks, is likely to raise Rs 2,500-3,000 crore, said sources in the know. To ease capital inflow for infrastructure companies, the Securities and Exchange Board of India (Sebi) issued norms last month for public issue of InvIT units. This allows mutual funds, pension funds and insurance companies to invest in the public issue of an InvIT. InvITs are allowed to ...

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First Published: Tue, June 14 2016. 00:38 IST
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