TVS ILP lists its Infra Investment Trust on National Stock Exchange

 

TVS Industrial & Logistics Parks (TVS ILP), India’s pioneering developer of Grade A warehousing and industrial infrastructure, marked a major milestone with the successful listing of its Infrastructure Investment Trust (InvIT) — TVS Infrastructure Trust — on the National Stock Exchange (NSE). TVS Infrastructure Investment Trust issued units worth around Rs 2,000 crore, of which Rs 1,300 crore worth of units were subscribed by marquee global and domestic investors. The offering comprised a fresh issue of Rs 1,050 crore and an offer for sale of Rs 250 crore by an existing unitholder. 

This strategic initiative is backed by marquee global and domestic investors, including the International Finance Corporation (IFC), a member of the World Bank Group, and L&T. IFC has invested Rs 348 crore ($41 million) as the cornerstone investor in the initial listing of TVS InvIT. This is IFC’s first equity investment in a warehousing InvIT in India, as per a report.

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