This excercise however highlights a critical flaw, that This InvIT can only acquire assets from private one/sponsor, regardless of market opportunity. Doesn’t matter if it threatens the viability of it. (Q1 25 they alarmed that remaining life of projects is below their threshold). Reducing investment manager to rubber stamp.
This is also the problem with powergrid InvIT, it’s been in freefall too. Their sponsor treat them as cash grab.
Only InvIT with value based market wide acquisition has been indigrid. (They started with transmission and now in renewable and BESS too)
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