Reliance Infrastructure (RInfra) is planning to launch its Infrastructure Investment Trusts (InvITs) in the first week of June. The company is now looking to raise a revised Rs 2,500 crore through its trust, RInfra InvIT Fund.
The company is awaiting SEBI approval, and on its receipt it will launch the InvIT, which would be mostly likely in the first week of next month.
RInfra had sought permission to transfer 100 per cent interest in 10 projects to InvIT, but NHAI approved 100 per cent in seven and 49 per cent in the remaining three. The company decided not to go ahead with the three projects, where it did not get 100 per cent approval.
Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector.
