Stock Market Highlights: Sensex settles 324 pts higher, Nifty above 24,950; BEL rises 4%, HCL Tech 2% – The Economic Times

India’s privately-listed infrastructure investment trusts (InvITs) are set to debut on stock exchanges, with at least four IPOs slated for this financial year, aiming to broaden investor participation and enhance liquidity for existing stakeholders.

InvITs are investment schemes similar to mutual funds that allow individuals and institutions to directly invest in infrastructure projects and earn a share of the income generated.

Currently, the Securities and Exchange Board of India – the markets regulator – has granted licenses to 26 domestic InvITs, of which five are publicly listed and several others are in the pipeline.

TVS Infrastructure Trust will decide on listing plans in the January-March quarter, Ravi Swaminathan, founder and vice chairman of TVS Industrial and Logistics Parks, said.

The National Highways Authority of India (NHAI) aims to raise up to 100 billion rupees ($1.13 billion) by launching a publicly-listed road InvIT within this fiscal that started on April 1, according to two sources who did not want to be named as the matter is private.

Cube Highways Trust is also targeting a 50-billion-rupee IPO, one of the sources said, while Alpha Alternatives-backed Anantam Highways Trust is seeking to raise 4 billion rupees through an IPO this month, Jignesh Shah, CEO of the trust, said.