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India Grid Trust is close to launching its Rs 3,000 crore qualified institutional placement (QIP). The fund raising will help the Infrastructure Investment Trust (InvIT) acquire new assets in the power transmission space.
Chief Executive Officer Harsh Shah said: “We continuously scan the market for acquiring operating transmission assets to increase the yield for our investorss.”
According to people in the know, the process could get completed by June. The transmission space is likely to benefit from Power Grid’s capex cycle, expected to remain healthy in FY20.
Analysts say transmission and distribution players can expect to gain from Power Grid’s capex plans in
