Post by Vibhuti Sharma

KKR-backed Vertis Infrastructure Trust (Previously Highways Infrastructure Trust) Trust in India has selected Axis Capital Ltd. and two other investment banks to manage its up to $568 million Indian initial public offering, investment banking sources said. Vertis Infrastructure Trust, which is also backed by the Ontario Teachers'​ Pension Plan', is a so-called InvIT, or an infrastructure investment trust. These are schemes that allow investors to pool funds into income-generating infrastructure projects. India currently has 27 InvITs, but only six are publicly listed. Many private infrastructure investment trusts are seeking to go public on India's stock exchanges in an effort to broaden their investor bases and enhance liquidity for existing stakeholders. Story for Reuters with Aditya Kalra: https://lnkd.in/g2YPvJhS