Page 3 - Invit

EPFO approves diversification of investments to up to 5% of annual deposits

The decisions will mean EPFO is diversifying its investments into asset classes that will enhance the yield on investments, but also carry fair amount of risks

CPPIB and Ontario Teachers' Pension Plan bag NHAI's maiden InvIT

CPPIB, Ontario Teachers' Pension Plan will be anchor investors of Rs 6k-cr issue

IL&FS seeks NCLT approval to place Rs 4,000 crore of assets in InvIT

With the NCLT approval, a total of 11 projects would be ready for monetisation through the InvIT route

KKR-backed firm raises Rs 460 crore in India's first renewable InvIT

Virescent Renewable Energy Trust was floated in February this year by Virescent Infrastructure, which was set up in 2020 and is backed by global investment firm KKR

GAIL proposes two pipelines to be monetised via InvIT, awaits Centre's nod

Company says it incurred a capex of Rs 5,000 crore on these two pipelines, silent on project names

NHAI's Infrastructure Investment Trust set to be launched next month

The initial set of roads to be offered via the InvIT are part of national corridors, providing long-term prospects

Power Grid InvIT of Rs 7,735 crore subscribed 56%, closes on Monday

The price band for the IPO is 99-100 per unit of Rs 100 each

Power Grid launches PGInvIT, could offer 18 more assets in future

Sets price band at Rs 99-100 per unit for the public offer

PowerGrid to offer Rs 10,384 crore worth of assets in InvIT next week

After IndiGrid and IRB InvIT fund, this will be the third publicly listed InvIT for the country and the second in the power transmission sector

Irdai allows insurers to invest in debt instruments of InvITS and REITS

Securities should not be rated below 'AA' under the "approved investment" category. In case the instrument is subsequently downgraded, it will be part of "other investments"

NHAI InvIT: Govt awaits Sebi clearance to replace urban with rural areas

The road stretches in the urban areas, which were part of the earlier InvIT offering, have been removed in the proposal and replaced with the roads in rural areas

State-owned GAIL plans to launch pipeline InvIT before company split

State-owned gas utility GAIL (India) Ltd plans to launch an InvIT of its two gas pipelines between Dahej and Bengaluru

IRB Infra InvIT completes second fund raising round by securing Rs 510 cr

IRB will continue to hold 51% and GIC affiliates will continue to hold a 49% stake in the IRB Infrastructure Trust

Air India: US based fund in talks with banks, others to join the bid

The InvIT structure will help the fund to encourage institutional investors to participate in Air India's growth story once its privatisation is over

Tata Power to raise green energy portfolio to 50% with focus on renewables

Tata Power currently has a consumer base of 2.5 million and it aims to quadruple it to 10 million over the next five years

RIL chairman Mukesh Ambani to detail post-Covid business plan at AGM

Ambani, 63, may at the company's first online AGM also give a sneak preview of his vision for decarbonisation of energy molecules to create value-added products with almost no carbon emissions.

Tata Power stock powers up with strategic turnaround, deleveraging plans

Preferential equity issue, non-core asset sale boost sentiment

After Facebook, what other deals are in the offing for Mukesh Ambani' RIL?

Mukesh Ambani, in August 2019, had said he wanted to make RIL a zero-debt company in 18 months by selling stakes in several businesses and unlocking value in some others

Govt plans to take InvIT route for BSNL asset monetisation programme

To date, the InvIT market has raised money only from the private sector

InvITs may deleverage infra firms by nearly Rs 13,000 cr: India Ratings

The first four infrastructure investment trusts (InvITs), which are likely to hit the primary markets this fiscal, may bring down the overall debt of sponsor groups by nearly Rs 13,000 crore, according to India Ratings and Research (Ind-Ra). The companies which are likely to deleverage by using the InvIT route are Sterlite Power Grid Ventures, Reliance Infrastructure and IL&FS Transportation Networks and the recently closed issue of IRB Infrastructure Developers, Ind-Ra said today. "InvITs will enable infrastructure developers to deleverage their balance sheets and refinance remaining debt at lower costs. Deleveraging will provide a fillip to the coverage metrics of SPVs housed under the InvIT structures and refinancing (through bond/bank loans) and will further improve the credit profile of InvITs," the credit rating agency said. As per the agency, InvITs would allow infrastructure developers to not only deleverage their balance sheets but also refinance remaining debt