IRB Infrastructure Investment Trust (InvIT) is slated to be India's first publicly listed infrastructure investment trust. Through the trust, IRB Infrastructure Developers Ltd (Sponsor) will hold operational NHAI toll road assets aggregating to 3,645 lane km of highways across five states in western and southern India. These assets are operational and generate income through inflation-linked tariff hikes. They have weighted average balance concession period of ~16 years. Investors are expected to be...