After energy and transmission, investment major KKR launches highway InvIT

Its InvITs have a combined value of $3.8 billion and cover 33 assets in 22 states

Investment major KKR on Monday launched its highway infrastructure investment trust (InvIT), the Highway Infrastructure Trust (HIT), which is the firm’s third InvIT, with a combined asset value of $3.8 billion.

Between HIT, Virescent Renewable Energy Trust (renewable energy InvIT), and India Grid Trust (transmission InvIT), the three InvITs cover 33 assets in 22 states, the company said.

“HIT’s initial portfolio comprises six roads assets with a total length of more than 450 kilometres across six states in India. The assets, which include a diversified mix of toll and annuity roads, are located in Gujarat, Madhya Pradesh, Meghalaya, Rajasthan, Tamil