Reliance Infrastructure gets SEBI nod for Rs 25 billion InvIT IPO

Reliance Infrastructure InvIT Fund has got the final nod from the Securities and Exchange Board of India (SEBI) to float its proposed initial public offering (IPO). The proposed issue size is Rs 25 billion, with an option to retain oversubscription up to 25 per cent of the issue size. The RInfra InvIT IPO is likely to be launched in early June 2017. There are seven project entities which are proposed to form part of the initial portfolio of the trust. These are DS Toll Road Limited, GF Toll Road Private Limited, JR Toll Road Private Limited, NK Toll Road Limited, SU Toll Road Private Limited, TD Toll Road Private Limited and TK Toll Road Private Limited.


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