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Icra: Macquarie Asia Infrastructure Fund owns a 56.8% stake in GRICL, while IL&FS holds 26.8% and the balance stake is with the Gujarat government. GRICL's toll roads are in Gujarat. The Ahmedabad to Mehsana stretch on SH-41 spans 51.6 kms. The second road asset of 31.7 kms from Vadodara to Halol on SH-87 is on the Delhi-Mumbai Industrial Corridor.
Highways Infrastructure Trust, an infrastructure investment trust (InvIT) owned by KKR, plans to raise INR 515 crore ($68.3m) via a rights issue. The investment vehicle comprises six road assets with more than 450 km in total length across six Indian states and is in the process of acquiring four hybrid annuity projects
KKR to float private InvIT in bid to house renewable assets Premium 1 min read This will be the second InvIT backed by KKR in India Share Via Read Full Story Private equity firm KKR is setting up a private infrastructure investment trust (InvIT) to house operating renewable energy assets it aims to acquire in India, said two people aware of the development, requesting anonymity. InvITs manage income-generating infrastructure assets offering regular yield to investors and a liquid way to invest in infrastructure projects. They can be either publicly listed on stock exchanges or privately place...