IndiGrid InvIT hits public bond sale, gets double subscriptions SECTIONS Share Synopsis A large Mumbai-based infrastructure conglomerate and a private life insurance company attached to a “salt-to-steel” group bid to own those papers with yield-hungry wealthy investors taking the lead, sources told ET. Investor response defied an existing arid bond street, dented by the second wave of coronavirus. Related MUMBAI: KKR-backed India Grid Trust (IndiGrid Trust), a power sector infrastructure investment trust (InvIT), obtained more than double subscriptions for its maiden public bond sale that opened for subscription Wednesday amid an economic depression. A large Mumbai-based infrastructure conglomerate and a private life insurance company attached to a “salt-to-steel” group bid to own those papers with yield-hungry wealthy investors taking the lead, sources told ET.