The long wait for the rollout of Investment Trust (InvIT) is finally over. IRB Infrastructure Developers (IRB) is the first to raise ₹4,650 crore through this route, which will be available for investors with a minimum subscription of ₹10 lakh. Put simply, InvITs are trusts into which the sponsor, in this case IRB, transfers certain revenue-generating infrastructure assets (at least 80 per cent). ...