{"id":3110,"date":"2020-01-09T09:19:57","date_gmt":"2020-01-09T09:19:57","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2020\/01\/09\/indinfravit-trust-gets-nod-to-raise-rs-2205-crore-capital\/"},"modified":"2020-01-09T09:19:57","modified_gmt":"2020-01-09T09:19:57","slug":"indinfravit-trust-gets-nod-to-raise-rs-2205-crore-capital","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2020\/01\/09\/indinfravit-trust-gets-nod-to-raise-rs-2205-crore-capital\/","title":{"rendered":"IndInfravit Trust gets nod to raise Rs 2,205-crore capital"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-1817413 size-full\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2020\/01\/financial-1.jpg\" alt=\"IndInfravit Trust,\u00a0 Sadbhav Infrastructure,\u00a0CPPIB, industry news\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2020\/01\/financial-1.jpg 660w, https:\/\/images.financialexpress.com\/2020\/01\/financial-1-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/01\/financial-1-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/01\/financial-1-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"wp-image-1817413 size-full\" src=\"https:\/\/images.financialexpress.com\/2020\/01\/financial-1.jpg\" alt=\"IndInfravit Trust,\u00a0 Sadbhav Infrastructure,\u00a0CPPIB, industry news\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2020\/01\/financial-1.jpg 660w, https:\/\/images.financialexpress.com\/2020\/01\/financial-1-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/01\/financial-1-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/01\/financial-1-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">Sadbhav Infrastructure expects to receive proceeds of the sale after January 31, the company said in an exchange notification.<\/span><\/figure>\n<\/div>\n<p>The board of IndInfravit Trust, the Canada Pension Plan Investment Board (CPPIB)-backed infrastructure investment fund, on Tuesday approved raising capital worth Rs 2,204.82 crore through preferential issue of up to 18.8 crore units, at Rs 116.75 per unit, to some investors. The board of IndInfravit\u2019s investment manager also approved preferential issue of up to 6.2 crore units at the same price \u201cfor consideration other than cash\u201d to highways and roads construction major Sadbhav Infrastructure.<\/p>\n<p>Sadbhav Infrastructure had in July last year announced 100% stake sale of nine of its operational road assets to IndInfravit, which is sponsored by the Larsen &amp; Toubro group for over Rs 6,600 crore. The portfolio consists of road assets totalling 2,619 km across India. Sadbhav Infrastructure expects to receive proceeds of the sale after January 31, the company said in an exchange notification. Following the completion of the transaction, Sadbhav Infrastructure will hold up to 10% unit-holding in the infrastructure investment trust.<\/p>\n<p>IndInfravit Trust\u2019s units were listed in May 2018. Prior to the transaction, CPPIB, Allianz Capital Partners and OMERS Infrastructure together owned over 75% of the InvIT\u2019s units. L&amp;T Infrastructure Development Projects held the remaining units.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n<div class=\"jobbi-after-content-jh-placement jobbi-entity-placement\" id=\"jobbi-3472912395\"><div id=\"jobbi-3460072920\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5862940809620110\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-5862940809620110\" \ndata-ad-slot=\"\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>[ad_1] Sadbhav Infrastructure expects to receive proceeds of the sale after January 31, the company said in an exchange notification. The board of IndInfravit Trust, the Canada Pension Plan Investment Board (CPPIB)-backed infrastructure investment fund, on Tuesday approved raising capital worth Rs 2,204.82 crore through preferential issue of up to 18.8 crore units, at Rs [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":3111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-3110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/3110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=3110"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/3110\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/3111"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=3110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=3110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=3110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}