Infrastructure Investment Trusts

Pace of bank lending to infrastructure shrinks to 2.3%: RBI data

Bankers say private infra offtake slow; much of funding is via public funds

Sebi notifies governance norms for REITs, InvITs similar to listed cos

Markets watchdog Sebi on Wednesday notified governance norms for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) on the lines of listed companies. In two separate notifications, provisions such as those related to tenure of auditor, computation of leverage and unclaimed or unpaid distribution have been streamlined by the regulator. This comes after the board of Sebi approved a proposal in December for introducing governance norms for REITs and InvITs on the lines of corporate governance norms for listed companies. As part of streamlining the provisions for REITs and InvITs, the regulator said the tenure of an auditor will be made till the conclusion of the fifth annual general meeting of unitholders, and a statutory auditor will undertake a limited audit of all the entities or companies whose accounts are to be consolidated. REITs or InvITs would not appoint an individual as the auditor for more than one term of five consecutive years, while an .

Reliance Industries may hive off green hydrogen business to InvIT

Jefferies values firm's green hydrogen business at $8 bn

Strong leasing activity to benefit Real Estate Investment Trusts

But slowdown in the US and rising interest rates could pose risks

No immediate plan to get retail investors into NHAI InvIT: CEO Suresh Goyal

Talks underway with Sebi to make private-listed InvIT into public

CCI okays equity and CCD allotment of five highway SPVs by Indinfravit

The five SPVs are engaged in operating and maintaining highways in the states of Andhra Pradesh, Uttar Pradesh, Bihar and Maharashtra

Govt won't sponsor roads sector InvITs; plans to bring retail investment

InvITs are collective investment vehicles that allow direct investments from individual and institutional investors in infrastructure projects, and give them a small portion of the income in returns

Railway asset monetisation through Rs 18,000 cr InvIT unlikely in FY23

Both the finance ministry and Union cabinet have recently come down heavily on railways and asked it to expedite its monetisation efforts

NHAI offers three additional roads to its InvIT totalling 247 km

NHAI chairperson Alka Upadhyaya said with the success of NHAI InvIT, the state-owned agency has continued to deliver on its commitments under the National Monetisation Pipeline (NMP)

Govt seeks to replicate NHAI success with InvITs at railways and ports

Plans more launches in FY23; gas pipelines, other sectors also on radar

Tata Power's plan to reduce debt through InvIT gets delayed

The company was planning to bring down its gross debt to below Rs 25,000 crore from Rs 49,000 crore with the InvIT structure

Unlisted InvITs: Sebi forms framework for minimum number of unit holders

Generally, InvITs comprise a portfolio of infrastructure assets such as highways, power transmission assets

Plummeting RE tariffs edge out small players even as bigger ones expand biz

The sharp drop in renewable energy tariffs is encouraging smaller players to exit even as larger ones look to innovative financing methods to expand their portfolios

Infra investment trust IndiGrid plans to raise up to Rs 5,300 cr

A meeting of the board of directors of IndiGrid Investment Managers Ltd acting in the capacity of Investment Manager to IndiGrid was held on Tuesday

Energy companies go green, change tack from coal to renewables

Covid has brought to fore the need for sustainable development. A two-part series examines the shift in energy sector

Covid-19 effect: Upcoming road projects may shift to PPP on weak govt funds

The company, which launched the country's first public infrastructure investment trust (InvIT) in 2017, launched its second Rs 4,400-crore private InvIT

Crisis-hit IL&FS lays road map to cut 57% of Rs 99,000 crore debt

By March, Rs 50,500 cr debt to be pared; resolution for Rs 6,650 cr to continue beyond FY21

Low valuations, weak market appetite, liquidity woes hurt new InvITs

Rating agency ICRA had earlier in February estimated that Rs 2 trillion would likely be raised through the InvIT route over the next five years

Brookfield-RIL InvIT likely to raise more debt to attract investors

Tower Infrastructure Trust, set up by Brookfield and RIL, had filed its prospectus just a few days before the Budget was announced

Sebi plans to amend investment manager eligibility norms for InvITs

Sebi has been receiving representations from the industry and the market participants for considering alternative measures