InvIT
Powergrid Infrastructure Investment Trust registered
- Jan 11, 2021
In a very significant development, Securities & Exchanges Board of India (SEBI) recently granted the certificate of registration to “Powergrid Infrastructure Investment Trust”, an infrastructure investment trust (InvIT) sponsored by Power Grid Corporation of India Ltd. According to information Read more
CCEA approves InvIT model for PGCIL asset monetization
- Sep 9, 2020
In a significant move, the Cabinet Committee on Economic Affairs (CCEA) has approved monetization of assets of Power Grid Corporation of India Ltd (PGCIL) through the Infrastructure Investment Trust (InvIT) model. Asset recycling is a key strategy of the Read more
Sterlite Power sells stake in IndiGrid, exits role as sponsor
- Aug 15, 2020
Sterlite Power has successfully sold of its 14.7 per cent stake in India Grid Trust (IndiGrid) to institutional and high net worth individuals (HNI) investors. Sterlite Power is the sponsor of IndiGrid, India’s first power sector InvIT, which saw Read more
Tata Power to raise Rs.2,600 crore through preferential equity, plans InvIT
- Jul 3, 2020
The Board of Directors of Tata Power has approved issuance of 49,05,66,037 equity shares on a preferential basis to Tata Sons Pvt Ltd for an aggregate consideration of Rs.2,600 crore. The issue price for the equity shares has been Read more