Institutional placement of Units by National Highways Infra Trust

  • Deal
  • April 1, 2024

JSA advised SBI Capital Markets Limited, ICICI Securities Limited and Axis Capital Limited in relation to the institutional placement of units of National Highways Infra Trust (an InvIT sponsored by NHAI) aggregating to ₹ 61,812.53 million. The transaction also included a preferential issuance of units to NHAI.

As part of the transaction, National Highways Infra Trust has also acquired the concession rights over certain road assets of aggregate length of 889 kms at an enterprise value of over Rs. 16,000 crores, which is the largest monetization by NHAI and one of the largest transactions in the history of Indian road sector.

This was the third round of fund raising by National Highways Infra Trust with JSA being a part of all three deals.

Our Transaction Team Comprised Lead Partner – Arka Mookerjee, Partner – Pracheta Bhattacharya, Senior Associate – Sourav Modi, Associate – Jeebitesh Bhattacharya.