KKR-backed Vertis targets ~$568 million Indian IPO, banks hired

Infrastructure investment firm Vertis Infrastructure Trust, backed by KKR, has engaged three investment banks to handle an Indian initial public offering of up to $568 million, with regulatory approval sought by December 2025. The IPO will mark one of the largest infrastructure-asset exits in India’s capital-markets calendar. The company, which has been consolidating infrastructure leases and monetising a long-term asset base, aims to list in Q1 2026 and capitalise on strong investor appetite for yield-oriented infrastructure plays amid softer growth elsewhere.