{"id":352198,"date":"2020-05-20T11:21:25","date_gmt":"2020-05-20T05:51:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=352198"},"modified":"2020-05-20T11:21:25","modified_gmt":"2020-05-20T05:51:25","slug":"power-grid-to-file-draft-papers-for-1-bn-invit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/power-grid-to-file-draft-papers-for-1-bn-invit\/","title":{"rendered":"Power Grid to file draft papers for $1 bn InvIT"},"content":{"rendered":"<p>Electricity transmission company Power Grid Corp. of India Ltd plans to file a draft prospectus for a $1 billion infrastructure investment trust (InvIT) by June-end, in the first InvIT offering from any state-owned company, two people aware of the matter said.<\/p>\n<p>An InvIT is a pool of money collected from investors to run operational infrastructure projects in return for a regular yield to its unitholders.<\/p>\n<p>The InvIT was proposed by the government as an alternative fundraising route for state-owned companies to manage their funding requirements without having to depend on government support. The National Highways Authority of India is also preparing to raise funds through this route.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electricity transmission company Power Grid Corp. of India Ltd plans to file a draft prospectus for a $1 billion infrastructure investment trust (InvIT) by June-end, in the first InvIT offering from any state-owned company, two people aware of the matter said. An InvIT is a pool of money collected from investors to run operational infrastructure projects in return for a regular yield to its unitholders. The InvIT was proposed by the government as an alternative fundraising route for state-owned companies to manage their funding requirements without having to depend on government support. The National Highways Authority of India is also [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-352198","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=352198"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352198\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=352198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=352198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=352198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}