Sources familiar with the matter said the government views a public InvIT as a critical tool to broaden market participation, reduce dependence on budgetary support and strengthen NHAI’s ability to recycle capital.
Energy Infrastructure Trust operates the country’s first bi-directional natural gas pipeline, a 1,485 km corridor connecting gas-producing fields on the east coast with key industrial and urban markets in the west.
The relative outperformance of InvIT returns to other comparable instruments such as REITs, debt instruments or corporate bonds, is seeing retail investor appetite grow for these instruments
With its InvIT IPO plans, EAAA joins others like KKR and I Squared Capital, which are planning to take their InvITs public, as well as the National Highways Authority of India.
In the last two months, seven InvITs have seen secondary transactions worth almost Rs 6,000 crore, data from stock exchanges shows
Alpha Alternatives, which has built a name in private credit and alternative investment strategies, is now pitching itself to public investors. The challenge will be to convince them of long-term commitment in an asset class with 13–20 year life cycle
InvITs have democratised infrastructure investing by offering Indian investors stable, inflation-hedged yields with strong governance, the KKR-backed roads InvIT CEO Gaurav Chandna tells Moneycontrol
More importantly, pursuant to the re-classification of REITs, investment by mutual funds will be considered within the investment allocation limit for equity instruments and also make them eligible for inclusion in equity indices, thereby enabling enhanced investment by mutual fund schemes in REITs.
REITs and InvITs are at a stage similar to where the mutual fund industry was five to seven years ago, said Rajeev Vijay of Knight Frank India, adding that investor education and awareness can be critical for growth.
India has five listed REITs (Real Estate Investment Trusts) and 17 InvITs with a combined market capitalisation of $33.2 billion. Knight Frank has positioned the country as the fourth-largest market in Asia for REITs and InvITs, behind Japan, Singapore, and Hong Kong.
India’s InvIT market has seen just four IPOs after the first such trust, IRB InvIT Fund, went public in 2017
IRB InvIT Fund and IRB Infrastructure Trust - the private InvIT of IRB group with Singapore sovereign wealth fund GIC - had in May 2025 entered into a non-binding offer for transfer of the latter’s three BOT (build, operate, transfer) highway assets.
This will be the second InvIT from NHAI that operates a private InvIT, National Highways Infra Trust, anchored by global investors CPP Investments and Ontario Teachers’ Pension Plan
KKR has a 71.66 percent stake followed by Ontario Teachers’ Pension Plan, which holds 24.99 percent in the roads infrastructure investment trust
Most fixed-income instruments offer 7–8% pre-tax. A right infrastructure asset class through an InvIT, can earn 12–15% pre-tax, says Satnaliwala
The move is aimed at tapping a wider pool of investors to meet growth capital requirements amid a rising demand for high-yield generating assets
In May, IRB InvIT Fund entered into a non-binding offer with and IRB Infrastructure Trust for the transfer of its three highway assets for an aggregate enterprise value of around Rs 8,450 crore
The acquisition of these three road assets increases the average life span of IRB InvITs asset portfolio from 14 years to 17 years
Faced with borrowing restrictions, the National Highways Authority of India (NHAI) is tapping into a bold new funding strategy—monetising its highway assets through Infrastructure Investment Trusts (InvITs). This move aims to reduce debt and invite the Indian public to invest directly in the nation's road infrastructure
Cube InvIT is one of the biggest infrastructure investment trusts in the country, holding a group of 25 road assets with an aggregate length of 1,940 kms spread across 12 states
The funds will be utilized for meeting the financing needs for the acquisition of TOT Bundle 16 from the National Highway Authority of India (NHAI) and a portfolio of 12 road assets from PNC Infratech.
EAAA invests in infrastructure projects through its Yield Plus Funds, which manages assets worth close to Rs 12,000 crore
The funds will be used to acquire a portfolio of road assets from NHAI. The National Highways Infra Trust has a portfolio of 15 road stretches, spanning 1,525 km spread across nine states
KKR is the sponsor of the Highway Infrastructure Trust, while OTPP is its second biggest shareholder
Interise InvIT holds 17 road projects, with 7,300 lane km, spread across eight states in India