Dilip Buildcon plans to float InvIT, may raise Rs 4,000 crore

Mumbai: Dilip Buildcon NSE -0.95 % (DBL), a private infrastructure construction company, plans to float an infrastructure investment trust (InvIT) by early next fiscal year, said people aware of the development.

DBL is likely to raise about ₹4,000 crore through the proposed InvIT, where the equity value of the assets under the venture would come about ₹4,500-5,000 crore, said one of the people. The assets may fetch an enterprise value of ₹15,000 crore.