IndiGrid: Creating India's First Power Transmission InvIT (A)1
Publication date: 1 November 2023
Abstract
The case describes the structure of Infrastructure Investment Trusts (InvITs) created and launched in Indian markets in 2017. Besides introducing InvITs and their potential role in relaxing the financing constraint created by the lack of an active corporate debt market in India, the case can help in analysing why the market is discounting the IndiGrid unit price relative to its issue price. It also offers an opportunity to value IndiGrid's Patran acquisition.
Keywords
Citation
Agarwalla, S.K. and Pandey, A. (2023), "IndiGrid: Creating India's First Power Transmission InvIT (A)
Publisher
:Indian Institute of Management Ahmedabad
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