India offers investors a new slice of infrastructure pie

Institutional investors are set to gain access to a new way into India’s infrastructure market, as the first wave of Indian infrastructure developers start spinning off projects into initial public offerings. Local rating agency ICRA recently forecast that infrastructure investment trusts, or Invits, could raise $3 billion from the IPO market over the coming 18 months. However, this may prove an underestimate, given that the first four deals alone hope to raise just shy of $2 bill…