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India's first infrastructure investment trust dips on debut


By Elzio Barreto and Swati BhatHONG KONG/MUMBAI (Reuters) - India's first infrastructure investment trust (InvIT) fell in its trading debut on Thursday, potentially acting as a dampener for similar listings in coming months of high-yield securities that are tapping investors' appetite for stronger returns.IRB InvIT Fund fell 0.8 percent in early morning trade, reversing gains of as much as 2.9 percent shortly after opening. It traded at 101.20 rupees, compared with the 102 rupees initial public offering price.The fund, which owns, operates and maintains a portfolio of six toll-road assets, ...

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First Published: Thu, May 18 2017. 11:06 IST