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’s practice area covers primarily 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.