Shrem InvIT to monetise operational roads

Shrem InvIT is an infrastructure investment trust floated by Shrem Infrastructure, which will go for public listing in the next 18-24 months after achieving an asset under management (AUM) of $3 billion, or ₹240 billion. The Mumbai-based InvIT company invests in only hybrid annuity model (HAM) projects. It is currently in talks with potential sellers of highway developers for acquisition. Some of these are expected to be concluded before the end of the current fiscal. The Trust, which buys only fully completed projects, acquired 10 highway projects from infrastructure firm Dilip Buildcon in early 2022. Shrem InvIT plans to go for public listing in 1-2 years. They are privately listed on NSE as of now and will go for public listing when they have an AUM of $3 billion. Also read: Odisha develops new policy to link construction to water conservationReconstruction of 145-year-old Bailey bridge begins