The Infrastructure Investment Trust raised ₹5,225.82 crore from a slew of anchor investors including British Columbia Investment Management Corp (BCI) and Abu Dhabi's Mubadala.
The deal also envisages the setting up of an Infrastructure Investment Trust (InvIT).
The improvement in credit profile reflects the raft of policy decisions that have helped shore up the attractiveness of India's infra sector, says CRISIL.
The pandemic, ultimately, was unsuccessful in denting the country's capital raising confidence, as India Inc. raised over ₹1.88 lakh crore, beating the record of over ₹1.75 lakh crore raised in FY18.
Foreign portfolio investors (FPIs) have taken out ₹1,30,491 crore between January and May 2020, making it the worst period in 5 years. March witnessed the maximum monthly outflow since 2016.
India needs to develop professionals with advanced skills and enhance construction standards to ensure a robust real estate sector.
