RInfra revises InvIT issue size downwards to Rs 2,500 crore

InvIT to hold seven against earlier planned 10 road projects

Anil Ambani-led Reliance Infrastructure will now raise Rs 2,500 crore through its planned infrastructure investment trusts (InvITs), lower than the earlier planned Rs 3,000 crore, according to sources with direct knowledge of the development.

Sources added that the company has filed a revised Draft Red Herring Prospectus (DRHP) with the market regulator Securities and Exchange Board of India (Sebi) for an amount of Rs 2500 crore and seven road projects. In the earlier proposal, the company planned to place ten of its road projects in the InvIT structure.

The downward revision in the value and number of projects is due to necessary