IRB sweetens way for Indian infrastructure trusts

Secondary market buffer priced in to make sure the new asset class is a success.

IRB sweetens way for Indian infrastructure trusts

IRB Infrastructure Developers has launched the country's first investment trust InvIT on a more attractive valuation than market participants had been expecting in an attempt to ensure the new asset class gets off to a strong start.

InvITs are spin-offs by developers of completed infrastructure projects, intended to free up much-needed capital to boost the country's infrastructure drive.

IRB's Rs46.5 billion $724 million deal is being pitched on a...

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