Tata Power rose 2.93% to Rs 54.45 after the company said it has made an application to Sebi for an in-principle approval for creation of the Infrastructure Investment Trust (InvIT). As part of its growth strategy, Tata Power has taken several steps to deleverage the balance sheet and improve the capital structure including creation of […]
India Inc takes InvIT, REIT route to raise funds in sinking market
Reports say that the global investors including Brookfield, Omers, Mubadala and ADIA are in early stage discussions with Tata Power to invest around $500-600 million in its renewable energy InvIT At a time when stock markets are in a tizzy around the world, the Indian corporates are actively raising capital through infrastructure investment trusts (InvITs) […]
