Public Market

IPO

GR Infra to raise Rs.1,200-Cr through IPO of InvIT with road assets

Mint  

Roads developer GR Infraprojects is planning to house some of its operating road assets under an infrastructure investment trust and raise INR 1,200 crore through a public listing of the InvIT. It is in talks to appoint investment banks and lawyers and the conversations right now are happening on a public InvIT structure. The InvIT will house some of their operating hybrid annuity model (HAM) road assets. As of June 2021, GR Infra had seven operating road assets.