The proposed offer includes a ₹450 crore fresh issue and ₹300 crore OFS, with most fresh proceeds earmarked for acquiring two warehousing assets
Markets regulator Sebi on Thursday proposed allowing Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) to pick minority stakes in under-construction assets, which would help them to secure long-term asset pipeline. In its consultation paper, Sebi proposed that REITs and InvITs be permitted to invest in under-construction projects without having a controlling interest, within the existing limits prescribed for exposure to such assets. "Investing a minority stake in under-construction assets would enable REITs and InvITs to build a pipeline of stable, revenue-generating assets while minimising exposure to construction-related risks,"Sebi said. Additionally, Sebi proposed several measures to facilitate ease of doing business for REITs and InvITs, including reducing the cooling-off period for offer for sale (OFS) by privately listed InvITs, recognising remote common infrastructure as real estate for REITs, and clarifying the computation of the threshold
The government proposes restoring tax-free REIT and InvIT dividends while raising the surcharge on SPVs to keep the changes revenue-neutral
Markets regulator Sebi on Tuesday proposed allowing issuance of Depository Receipts (DRs) against units of Real Estate Investment Trusts and publicly listed Infrastructure Investment Trusts to widen investment options for overseas investors and attract foreign capital. Depository Receipts are foreign currency-denominated instruments issued by a foreign depository in a permissible jurisdiction against securities deposited with a domestic custodian in India. Under the proposed framework, Real Estate Investment Trusts (REITs) and publicly listed Infrastructure Investment Trusts (InvITs) would be permitted to issue DRs in permissible overseas jurisdictions, enabling foreign investors to trade such instruments in foreign currency on permitted international exchanges. However, Sebi has proposed keeping privately listed InvITs outside the ambit of the framework. In its consultation paper, Sebi said a framework for issuance of DRs on units of REITs and InvITs will enable them to issue DRs
Funds to be used for asset acquisitions including NDR Space and capex needs, as InvIT looks to expand its warehousing and industrial parks portfolio across key markets
Citius TransNet InvIT will launch its Rs 1,105 crore IPO on April 17, aiming to expand its road portfolio through acquisition of 11 HAM assets
Highway authority raises Rs 28,307 crore through InvITs and TOT, and is well poised to achieve Rs 30,000 crore monetisation target for FY26, says ministry
Raajmarg InvIT's ₹6,000 crore IPO seeks to help NHAI meet its expanded asset monetisation targets, backed by a five-asset portfolio and a ROFO pipeline of 1,500 km of roads
The Mumbai-based InvIT acquires a 1.78 msf fully leased warehousing asset in Hosur, expanding its operating area to 21.46 msf and entering its 17th city
The move comes as the NITI Aayog, the government's policy think tank, looks to bring state governments on board for NMP 2.0
IRB Infrastructure Trust will pay Rs 3,087 crore upfront for a 20-year revenue-linked toll-operate-transfer project on NH-16, expanding the group's highway footprint to 13 states
Markets regulator Sebi has granted in-principle approval to the registration of 'Raajmarg Infra Investment Trust' (RIIT) as an Infrastructure Investment Trust (InvIT) and will get the final nod after it meets specific requirements during the next six months, an official statement said on Friday. As a part of the process to secure final registration, RIIT will be required to meet specific conditions over the next six months. These conditions include appointment of directors, submission of requisite financial statements, and compliance with other regulatory requirements, it added. The statement said InvIT aims to unlock the monetisation potential of the National Highway assets while creating a high-quality, long-term investment instrument primarily targeting retail and domestic investors. under the Sebi Regulations, 2014 Last month, NHAI incorporated Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) as the investment manager for RIIT. RIIMPL has been established as a collaborati
IRB Infra moves to transfer its ₹1,702-crore Gandeva Ena HAM project to IRB InvIT, aligning with its BEST strategy to unlock capital and support future growth
NSE-listed NDR InvIT Trust on Monday announced the acquisition of MLG Warehousing and Industrial Park in Lucknow, Uttar Pradesh, valued at Rs 143.9 crore. The Grade-A warehousing asset spans approximately 4.63 lakh sq ft of leasable area and is built on around 21 acres of land, and marks its strategic entry into Lucknow's logistics market, NDR InvIT said. The warehouse is currently 98 per cent occupied and leased to leading clients across FMCD, third-party logistics, retail, and paint sectors, the platform said. Located in Lucknow, along the NH 30 (Lucknow-Raebareli Road) corridor, the warehouse has seamless connectivity, while its location on the southern periphery of the city ensures efficient access to key consumption and industrial hubs across neighbouring districts, it added. The acquisition is aligned with NDR InvIT's strategy of expanding its pan-India logistics portfolio through the acquisition of high-quality, income-generating assets in key consumption markets, the compan
States such as Maharashtra, Gujarat and Tamil Nadu are preparing to launch independent InvITs
Anantam Highways Trust, backed by Alpha Alternatives, is opening a Rs 400-cr IPO to expand its Rs 5,000-cr portfolio through Dilip Buildcon's assets, third-party deals, and fund transfers
IRB Infra's Q1 FY26 profit rose 44.6% YoY to ₹202.5 crore on 8% higher toll revenue, aided by InvIT asset gains, with O&M order book set to expand after acquisitions
Crisil expects InvIT AUM to surpass Rs 8 trillion by FY27, driven primarily by acquisitions by mature trusts, with a stable credit outlook despite higher leverage levels
The SLB is structured with predefined sustainability performance targets that link interest rates to the achievement of ESG outcomes, the InvIT claimed
Vertis is an infrastructure investment trust (InvIT) backed by private equity major KKR as well as Ontario Teachers' Pension Plan (OTPP)