India Grid Trust, an infrastructure investment trust (InvIT), raised over Rs 1,012 crore on Wednesday from anchor investors ahead of its initial share- sale offer opening on Wednesday. The InvIT, sponsored by Sterlite Power Grid Ventures Ltd, has allotted 10.12 crore units on an average price of Rs 100 to 19 anchor investors for a sum of Rs 1,012.44 crore, it said in a statement. Among the anchor investors are Deutsche Global Infrastructure Fund, Credit Suisse (Singapore), Reliance Nippon Life Insurance Company, Copthall Mauritius Investment and Edelweiss Tokio Life Insurance Company. India Grid Trust or IndiGrid plans to raise Rs 2,250 crore through its initial share-sale offer, which will be open for subscription during May 17-19. IndiGrid is an infrastructure investment trust established to own inter-state power transmission assets in India.

Source: dna May 17, 2017 06:45 UTC