JSA is advising ICICI Securities Limited, Axis Capital Limited, HDFC Bank Limited and IIFL Securities Limited in relation to the proposed initial public offering of units of Bharat Highways InvIT (“InvIT”), an infrastructure investment trust, comprising an issuance of units aggregating up to ₹21,000.00 million (“Issue”). As part of the transaction, the InvIT will also acquire seven road assets, operating on a hybrid annuity model, from G R Infraprojects Limited. Bharat Highways InvIT has filed its draft offer document with SEBI on December 7, 2023.
Deal value: Rs. 21,000 million
Our Transaction Team Comprised Lead Partner – Arka Mookerjee, Partner – Pracheta Bhattacharya, Senior Associate – Sourav Modi and Associate – Jeebitesh Bhattacharya.
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.