India, Sept. 29 -- Building a highway is only half the story. The other half is deciding who owns it once it is built and traffic starts flowing. Investment trusts, or InvITs, let developers pass operating roads to long-term investors who want steady toll income. The developer gets its money back and can start the next project.

Shares of IRB Infrastructure Developers Ltd. were trading at Rs. 16.80, down 1.98 percent from previous close of Rs. 17.14. The stock opened at Rs. 17.12, reaching an intraday high of Rs. 17.12 and low of Rs. 16.75. The company currently has a market capitalization of Rs. 20,303 crores.

What's the News? The listed InvIT promoted by IRB Infrastructure Developers, IRB InvIT Fund, has successfully closed a fund rai...