Cairo shavak dadachanjiPresident of Dadachanji Group of Companies Invested Rs 156 cr through wholesale deal as rich investor bought 1.5 cr units Shrem InvIT 104 per unit, the company said in a release. The move resulted in a 4.6 per cent stake in the Infrastructure Trust.

Dadachanji started with a small investment at the time of its initial public offering. shremo invite.

“This investment shows that Indian households are appreciating office and corporate InvIT structures,” said Nitan ChhatwalCEO labor infrastructure,

Shrem InvIT has a bouquet of 24 properties with an ideal mix of annuity, HAM (hybrid annuity model) and toll projects in five states of the country. According to a press release, it has made five quarterly distributions at a total rate of Rs 17.92 per unit since its initial listing in September last year.

The company is in the process of acquiring 10 more properties. Out of which 4 projects will be acquired in November this year and the rest by March 2023. These are road properties located in different states like KarnatakaChhattisgarh, Madhya PradeshJharkhand, Maharashtra, Odisha, and Andra Pradesh, The total lane km of the 10 newly acquired properties is approximately 2501 km.

The company said in a release that investment in InvITs is gaining momentum these days.

“The model portrays a win-win situation for investors as well as infrastructure developers as it enables developers to release capital to finance new infrastructure projects while providing stable long-term attractive returns for investors. ”