SEBI has given approval to three companies — IRB Infrastructure , GMR and MEP Infrastructure — to launch the Infrastructure Investment Trusts (InvITs).
Accordingly, these companies will float IRB Invit Fund, GMR Infrastructure Trust and MEP Infrastructure Trust shortly.
With a view to help infra developers mop up funds for long-term projects in a more transparent manner, Sebi had in August 2014 introduced InvITs — an investment vehicle that would enable promoters to monetise completed assets.
