Reliance Infra cuts InvIT issue size to ₹2,500 cr

Reliance Infrastructure InvIT Fund has filed a revised draft paper with the markets regulator for its IPO to raise ₹2,500 crore. Earlier, the company had proposed raising ₹3,000 crore. The Reliance Infrastructure-owned infrastructure investment fund has filed an updated draft offer document with SEBI, the BSE and the NSE. The issue will have a greenshoe option of retaining oversubscription up to 25 per cent of the issue size. Earlier in December, it had filed draft papers with SEBI to raise ₹3,000 crore by offloading 10 per cent of its toll-road projects to the InvIT. Reliance Nippon Life AMC is the investment manager. Our Bureau