Raajmarg Infrastructure Investment Trust (RIIT) is contemplating another share sale just months after raising ₹6,000 crore in its initial public offering (IPO), according to livemint.com. The trust, which has government backing, is exploring options such as a qualified institutional placement (QIP) or a follow-on public offer (FPO) to raise additional capital.
The discussions about the new share issuance are currently private, with sources close to the matter declining to be named, livemint.com reported. RIIT's move comes amid a broader government push to increase participation in infrastructure asset classes. The trust's previous IPO was one of the largest in the infrastructure investment trust sector, reflecting strong investor interest.
This potential share sale is significant as it could provide RIIT with fresh funds to expand its portfolio of road assets and infrastructure projects. The infrastructure investment trust sector has seen growing activity, with several large IPOs and follow-on offerings in recent years. RIIT's ₹6,000 crore IPO set a benchmark for the sector, and the new issuance could further consolidate its position in the market.
The timeline for the new share sale has not been disclosed, and RIIT has yet to make an official announcement. The government’s increased focus on infrastructure investment trusts suggests that regulatory support may facilitate such capital-raising efforts. The next key update on RIIT’s plans is expected to come from official filings or public disclosures.