SEBI had issued guidelines a couple of years back for infrastructure investment trusts (InvITs). The markets regulator has now granted permission to three companies — IRB Infrastructure, GMR and MEP Infrastructure — to launch the trusts.
Category: Infrastructure Finance
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DLF to invest Rs 500 crore in Chennai IT park
Realty major DLF will invest about Rs 500 crore to develop an IT Park in Chennai as the commercial real estate market has picked up in major cities.
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GST and its impact
The Goods and Services Tax (GST) is the most radical taxation reform that is set to alter India´s economic prospects. A single indirect tax, encompassing all goods and services, is surely a welcome change.
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Digital infra projects to be speeded up
Around Rs.10,000 crore will be spent from the USO Fund in 2016-17 to speed up digital infrastructure projects even as the Finance Ministry remains conservative in allocations from it, Telecom Secretary JS Deepak said today.
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PGCIL may raise Rs.4,000 cr through bonds by September
Power Grid Corporation India (PGCIL) plans to raise up to Rs.4,000 crore in its third round of fund raising through domestic bonds by September to meet its working capital expenditure.
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RB Infra plans to raise Rs.6,000 crore through InvITs
In what could be the first fund-raising exercise through Infrastructure Investment Trusts (InvITs), toll road builder IRB Infrastructure Developers is planning to raise Rs.5,000-6,000 crore and is expected to file the draft red herring prospectus (DRHP) within a month.
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Tesco-Tata scouts for land in metros
Trent Hypermarket, a joint venture between the Tata group and Tesco, the UK-based multinational grocery and merchandise retailer, is looking to buy land in Bengaluru, Mumbai and other cities to build distribution centres for its stores.
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CWAB 2.0 | 11th Architect And Buildier Awards 2016
Ever heard of the Oscars for the world of design, architecture and building? Of course you have! Last year, we completed 10 glorious years of our Construction World Architecture and Builder (CWAB) Awards!
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RB Infra plans to raise Rs 6,000 crore through InvITs
In what could be the first fund-raising exercise through Infrastructure Investment Trusts (InvITs), toll road builder IRB Infrastructure Developers is planning to raise Rs 5,000-6,000 crore and is expected to file the draft red herring prospectus (DRHP) within a month.
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French loan of Rs.2,000 crore for Puducherry infra
Puducherry Chief Minister V Narayanasamy has said that The Agence Francaise Developpement (AFD), a public financial institution in France would extend assistance of over Rs.2,000 crore for developing infrastructure in the Union Territory.