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Altius Telecom Infrastructure Trust, backed by Brookfield Asset Management, plans to raise up to ₹9,000 crore as it prepares to launch its market debut.
What is happening: the country’s second-largest telecom tower operator plans to raise about ₹3,000 crore before its IPO, with the remaining amount coming from the public listing expected later this year.
Much of the money will be used to reduce debt, while backer Brookfield Asset Management may also sell part of its stake in the process.
Big theme: Brookfield Asset Management is the latest infrastructure investor preparing to list its InvIT in public markets.
This comes as several similar trusts head to the market. National Highways Authority of India is launching the ₹6,000-crore IPO of NHAI’s Raajmarg Infra Investment Trust this week.
Strong demand from domestic institutions, family offices and HNIs is also encouraging players like KKR, Cube Highways and EAAA India Alternatives to explore similar listings.
For Altius Telecom Infrastructure Trust, raising public capital could also help strengthen its position against larger competitors like Indus Towers in the telecom tower sector.
Upstox
