JSA Advocates & Solicitors has advised National Highways Infra Trust, a private InvIT sponsored by NHAI, on its fund-raising aggregating to ₹65,910.10 million through a combination of institutional placement, preferential issue of units, and external debt.
As part of the transaction, the InvIT has acquired concession rights over two road assets with a total length of approximately 310.359 kilometres. The fund raise is in furtherance of NHAI’s ongoing disinvestment and asset monetisation strategy. Notably, this marks the fifth fund raise by National Highways Infra Trust, with JSA advising on all five transactions.
JSA’s Capital Markets team was led by Arka Mookerjee, Partner, and supported by Pracheta Bhattacharya, Partner; Sourav Modi, Partner; Jeebitesh Bhattacharya, Senior Associate and Bhavna Sancheti, Senior Associate
The Finance team was led by Soumitra Majumdar, Partner, with support from Aradhana Dey, Principal Associate; Deboshree Mukherjee, Principal Associate and Tanay Bothra, Associate.
Arka’s practice area involves equity capital markets issuances which covers a wide range of products, such as Initial Public Offerings, Rights Issues, Qualified Institutions Placements, Initial Public Offering of Infrastructure Trusts and foreign currency convertible bonds.