New Delhi, July 22 -- Months after raising Rs.6,000 crore in an initial public offering, Raajmarg Infra Investment Trust (RIIT) is evaluating a share issuance to fund asset acquisitions, according to three people with knowledge of the matter.

The trust, which is backed by the government, is considering a qualified institutional placement or a follow-on public offer, the people said, asking not to be named because the discussions are private.

While InvITs are allowed to borrow capital from banks to fund growth, RIIT's push for a share issuance comes at a time when the government is looking to increase participation in the asset class.

"The trust is looking to broaden its base of unit holders while securing capital for toll roads," one o...