Avendus Capital advises Indus Infra Trust on its USD 178 mn fundraise

It was a privilege to partner with Indus Infra Trust on this successful QIP, marking our 10th transaction in the REITs and InvITs space. The issue was oversubscribed multiple times, witnessing unprecedented demand from domestic mutual funds, pension funds, life insurers and other pools of capital. Backed by a strong sponsor, Indus Infra Trust has established itself as a high-quality infrastructure yield platform, with robust AUM growth, stable earnings, and consistent unitholder distributions. At Avendus, we continue to see strong conviction in India's REITs and InvITs market, driven by growing domestic institutional pools and increasing participation from foreign institutional investors.

We are pleased to have advised Indus Infra Trust on its inaugural QIP with strong traction from marquee investors. The robust oversubscription reflects confidence in the platform's operating track record, high-quality HAM road portfolio and growth trajectory. With a visible acquisition pipeline, this transaction will support Indus Infra Trust's plans to further scale the platform. We believe India's roads sector offers a sizeable opportunity with sustained infrastructure investment and rising focus on asset monetisation.