Union Budget announcement quote: Harsh Shah, CEO, India Grid Trust

We welcome the Ministry of Finance’s announcement as part of the Union Budget permitting Foreign Portfolio Investors (FPIs) to subscribe to listed debt securities issued by REITs and InvITs.

Jul 05, 2019 08:07 IST India Infoline News Service

Harsh Shah, CEO, IndiGrid
“We welcome the Ministry of Finance’s announcement as part of the Union Budget permitting Foreign Portfolio Investors (FPIs) to subscribe to listed debt securities issued by REITs and InvITs. This will enable much needed long term source of debt capital to InvITs, which are characterized by better quality assets, ratings, and predictability of cashflows. At the same time, InvITs need other regulators such as RBI, IRDAI to enable debt financing so that banks and insurance companies can also subscribe to such safe debt instruments. This will enable InvITs platforms to become more competitive and get established as a credible source of infrastructure financing.” Harsh Shah, CEO, India Grid Trust – India’s first power sector InvIT

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