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 Mookerjee is a Partner and Co-Head of the Equity Capital Markets practice, with over 21 years of experience advising on India’s most complex and high-value transactions. Widely recognised for pioneering mandates—including India’s first QIP and InvIT IPO—he represents issuers, underwriters and investors across capital markets and investment structures. Arka actively engages with regulators and industry bodies, playing a key role in shaping India’s evolving capital markets framework.