Among others, the manager on behalf of the REIT or InvIT will announce the floor price or price band at least two working days prior to the opening of the bid in case of an initial public offer. Currently, it is five days.
The REIT listing is unlikely to spark a rush for more listings, according to experts.
The Centre wants to wait out for a few more rounds of TOT bidding.
Sources tell CNBC-TV18 that the National Highways Authority of India (NHAI) is in exploratory stages to consider an Infrastructure Investment Trust (InvIT) listing for its road portfolio.
The Anil Ambani-led Reliance Infrastructure (RInfra) today said it has received a final nod from market regulator the Securities and Exchange Board of India (SEBI) for its proposed Rs 2500 crore infrastructure investment trust.
The fund plans to raise Rs 2,250 crore through its initial share-sale offer, which will close on May 19. It has a price band of Rs 98-100 per unit.
The IPO, the second in infrastructure investment trust (InvIT) segment, will open on May 17 and close on May 19. It commands a price band of Rs 98-100 per unit.
An InvITs is a pool of money for investing in infrastructure projects and distribution of the earnings to the unit holders.
The IPO will open on May 17 and close on May 19 and has a price band of Rs 98-100 per unit.
The first four infrastructure investment trusts (InvITs), which are likely to hit the primary markets this financial year, can reduce the overall debt of the sponsor groups by close to Rs 13,000 crores, says R
The initial public offer of IRB InvIT Fund was oversubscribed 1.26 times till afternoon trade on the last day of the offer today.
In an interview with CNBC-TV18, VD Mhaiskar, CMD of IRB Infrastructure Developers spoke at length about InvIT.
Engineering company IRB Infrastructure, on April 25, 2017, became the first firm to announce a public offer in the infrastructure investment trusts (InvITs) space, with a Rs 5,000-crore plus public issue of its fund R
Sources say IRB Infra is close to announcing the launch date for InVIT.
The first Infrastructure Investment Trusts (InvIT) listing is expected soon, which could be from the house of Sterlite Power - India Grid. CNBC-TV18's Nisha Poddar caught up with Pratik Agarwal, CEO and Harsh Shah, CFO of India Grid to understand InvIT as a product and what it is that the company is offering in this Rs 2,600 crores fund raise.
It has been a buoyant start to the year for Indian equities. Strong domestic flows, absence of any major negative surprises in the Budget and a general lack of alternative investment options have overshadowed the worry of demonetisation delaying earnings recovery.
As it looks at ways to attract more investors into the capital market, the Securities and Exchange Board of India (SEBI) board, has allowed mutual funds to invest in real estate investment trusts (REITs) R
To increase awareness of mutual funds as a financial product, Sebi today allowed celebrities to endorse the instrument at industry level and issued new advertising code that will require fund houses to communicate in a simple manner with the public.
Ushering in a raft of reformist measures, Sebi today permitted mutual funds to invest their money in REITs and InvITs, slashed broker fee by 25 per cent and strengthened settlement as well as merger regulations as it strives to attract more investors into the market.
IL&FS Transportation Network today reported net profit of Rs 55.7 crore versus a loss of Rs 19.4 crore for the December quarter. Total income has fallen to Rs 1,020 crore vs Rs 1,117 crore down 8.6 percent in the year ago period.
It's been over two years since Securities Exchange Board of India (SEBI) paved the way for Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (INVIT) to be introduced in the Indian market and since then, both the regulator and government have tried to sweeten the deal for developers and infra players to take the plunge.
Ratings agency Crisil has assigned its first rating CCR AAA to the Rs 2,500 crore InvIT by Sterlite Power Grid Ventures (SPGVL) which has been given approved by market regulator Sebi.
Reliance Infrastructure today said it has received capital market regulator Sebi's clearance to launch an infrastructure investment trust (InvIT).
Brokerage houses slashed target price of IRB Infrastructure Developers after lowering traffic growth estimates due to likely slowdown in economic activity on currency demonetisation. However, they are hopeful of likely good response to Investment Trust IPO that may be launched in 2017 and revenue growth on strong orderbook.