India: IL&FS to launch its infrastructure investment trust soon

India: IL&FS to launch its infrastructure investment trust soon

Photo: Reuters

Infrastructure Leasing and Financial Services (IL&FS) will launch its infrastructure investment trust (InvIT) soon, wherein it will convert the debt owed to banks in 10 road projects into units of the trust. The InvIT has received all approvals for the launch, a source close to the development told Mint.