MUMBAI: Investing in Infrastructure Investment Trust or InvIT is fast catching on with yield hungry international investors too. "We see big demand coming from overseas investors,” said Rajkamal Bajaj, director at Bajaj Consultants that is actively involved in InvIT advisory.The product is nothing new to foreign investors who have been dealing with it in the past one decade at their home turf. The demand for anchor investors actually helps decide the price of the issue.”“With Indian InVits they could at least earn 4-5% higher yield as compared to global rates. Besides the anchor investor, the primary issue opened for subscription Wednesday raising about Rs 1,262 crore. IndiGrid, according a market source, would offer an yield of about 10.90%.The first day began with a sale worth of about Rs 84.2 crore.

Source: Economic Times May 17, 2017 13:41 UTC