IndiGrid InvIT Fund, an infrastructure investment trust (InvIT) established on October 21, 2016 to own inter-state power transmission assets in India is coming up with an Initial Public Offer of Rs 2,250.00 Cr.
An InvIT Fund is a new capital market product promoted by the Government to enable Infrastructure Developers to free up tied-up capital. InvITs are designed to attract low cost long term capital from FIIs, Insurance and Pension Funds and the DIIs (mutual funds, Banks) which will also benefit to other investors including HNI clients.
India is the third largest consumer and producer of electricity in the world. The power sector value chain comprises generation, transmission and distribution segments.
IndiGrid has been given the corporate credit rating of AAA/Stable by Crisil, AAA/Stable by ICRA and AAA/Stable by India Ratings.
Issue Detail:
Team Chittorgarh.com
IndiGrid InvIT Fund
An InvIT Fund is a new capital market product promoted by the Government to enable Infrastructure Developers to free up tied-up capital. InvITs are designed to attract low cost long term capital from FIIs, Insurance and Pension Funds and the DIIs (mutual funds, Banks) which will also benefit to other investors including HNI clients.
India is the third largest consumer and producer of electricity in the world. The power sector value chain comprises generation, transmission and distribution segments.
IndiGrid has been given the corporate credit rating of AAA/Stable by Crisil, AAA/Stable by ICRA and AAA/Stable by India Ratings.
Issue Detail:
- Issue Opening Dates: May 17, 2017 - May 19, 2017
- Issue Price Band: Rs 98 - Rs 100 Per Equity Share
- Units Listing At: BSE, NSE
Team Chittorgarh.com
IndiGrid InvIT Fund
