Larsen & Toubro: L&T takes the road less travelled for its InvIT

What does conventional wisdom teach you? That it makes perfect business sense to monetise assets and de-leverage books as and when one can. And it makes more sense if you happen to be in the business of toll roads, where revenues depend on road traffic. Infrastructure investment trust (InvIT) offers one such tool to road developers. In the road sector, IRB Infrastructure was the first one to get off the blocks with the launch of the IRB InvIT