Indian Highway Concessions looks to raise Rs 910 cr via private placement

Infrastructure investment trust (InvIT) Indian Highway Concessions Trust, which is owned by Canada’s pension fund CPDQ, is looking to raise Rs 910 crore on a private placement basis.

InvITs is a relatively new investment instrument in the Indian context but is extremely popular in global markets. It comprises a portfolio of infrastructure assets such as highways and power transmission assets.