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Proposed offering of units by Anantam Highways Trust

Deal
April 2, 2025

JSA is advising Nuvama Wealth Management Limited in relation to the proposed initial public offering of units of Anantam Highways Trust (“Trust”), an infrastructure investment trust, comprising an issuance of units aggregating up to ₹ 4,000.00 million (“Issue”). As part of the transaction, the InvIT will also acquire nine road assets, operating on a hybrid annuity model, from Dilip Buildcon Limited and its associates, and from certain associates of Alpha Alternatives Holding Private Limited.

The Trust has filed its draft offer document with SEBI on March 29, 2025.

Our Transaction Team Comprised Lead Partner, Arka Mookerjee, Partners, Siddhartha Desai and Pracheta Bhattacharya, Principal Associate, Sourav Modi and Associates, Ankesh Kumar, Jeebitesh Bhattacharya and Vaishnavi Kokkonda.

Deal Value – INR 4 billion.

POST TAGS

Tags Capital Markets, Corporate Finance, Financial Markets, Fundraising, Hybrid Annuity Model, Infrastructure Investment, Investment Banking, InvIT, IPO, JSA Deal Alert, Legal Advisory, Road Infrastructure, SEBI, Transport Infrastructure

Arka Mookerjee Partner

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.

Pracheta Bhattacharya Partner

Pracheta practices in the areas of Capital Markets (IPO, QIP, Rights Issues, Offer for Sale, Preferential allotments, buyback in listed space, ADR, GDR etc.).

Siddhartha Desai Partner

Siddhartha specializes in public and private Capital Market transactions. He has advised various issuers, underwriters and selling shareholders on equity offerings such as initial public offerings, rights issues, qualified institutions placements, institutional placement programmes & infrastructure investment trusts (InvITs), and debt offerings such as non-convertible debenture issuances.