ALSO READReliance Infrastructure adds new fund RInfra, Sterlite Power Transmission plan to launch InvITs Reliance Infrastructure, Reliance Capital September futures trade at discount to spot price Reliance Infrastructure completes 100% stake sale in Reliance Cement Company Reliance Energy, the power distribution arm of Reliance Infrastructure in Mumbai, will ...
Reliance Infrastructure today said it has received capital market regulator Sebi's clearance to launch an infrastructure investment trust (InvIT).
"The Securities and Exchange Board of India (Sebi) has granted the certificate of registration...To Reliance Infrastructure InvIT Fund," the Anil Ambani-led company said in a statement.
With a view to help infra developers mop up funds for long-term projects in a more transparent manner, Sebi had in August 2014 introduced InvITs -- an investment vehicle that would enable promoters to monetise completed assets.
Reliance Infrastructure (RInfra) would sponsor the fund which will carry out the activities as an InvIT.
RInfra is one of the leading infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as power, roads and metro rail in the infrastructure space as well as the defence sector.
The market watchdog has already granted InvIT licenses to IRB Infrastructure, GMR and MEP Infrastructure.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)