Institutional investors may get seat at InvITs’ manager boards
The finance ministry is working on a proposal to allow private institutional investors secure a board representation in the government-backed Infrastructure Investment Trusts (InvITs) managers following their investment in these collective investment vehicles.
The move is expected to help attract more interest from large global funds to acquire a stake in these InvITs, which are part of the government’s national monetisation programme. The government is looking to monetise income-producing assets of the urban development, railways and petroleum ministries and will soon finalise the list of such assets, a senior finance ministry official told ET.
