The initial public offer (IPO) of Sterlite Power Grid Ventures infrastructure investment trust (InvIT), which aims to raise Rs 2,650 crore, is likely to hit the markets in the second week of May . The India Grid Trust (IndiGrid) sponsored by Sterlite Power Grid Ventures and Sterlite Infraventures is expected to file its final IPO papers with the market regulator Security Exchange Board of India (SEBI) on Tuesday, official sources told PTI. If all goes well, IndiGrid Trust would become the second trust after IRB InvIT Fund, which will launch its IPO on May 3, to hit the markets in less than a month. IndiGrid Trust will house two power transmission projects, namely, Bhopal Dhule Transmission Company (BDTCL) and Jabalpur Transmission Company (JTCL). The trust plans to utilise the proceeds raised through this IPO for providing loans to BDTCL and JTCL for repayment or pre-payment of debt of banks, financial institutions, Sterlite Grid 1, Sterlite Grid 2 and repayment of any other ...