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MEP Infra plans to file draft papers for Rs 1200 crore InvIT: Report

MEP Infrastructure Developers is reportedly planning to file a draft red herring prospectus (DRHP) for its infrastructure investment trust (InvIT) to raise at least Rs 1200 crore, by the end of April 2017. The company has already seen interest from two of Canada’s largest pension funds-Caisse de Depot et Placement du Quebec (CDPQ) and Canada Pension Plan Investment Board (CPPIB)-as well as US pension funds for its InvIT.

MEP Infrastructure Developers is engaged in tolling operations of the road infrastructure sector, with a pan-India presence. MEP Infra is in the business of pure toll collection projects as well as OMT projects, which involve maintenance obligations in addition to toll collection on operational roads (including highways) constructed by third parties.

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