India's Mytrah eyes infrastructure fund listing

New Delhi

MYTRAH Energy Ltd is weighing whether to become India's first company to list an infrastructure investment trust, or InvIT, to help the wind farm developer tap rising demand for green power.

Mytrah, traded on London's Alternative Investment Market, may seek as much as US$400 million by listing an InvIT, chairman Ravi Kailas said in an interview. About half would be used to fund growth with part of the remaining funds tagged to allow early-stage investors to exit, he said.