JSA advised SBI Capital Markets Limited, Axis Capital Limited, HDFC Bank Limited, and ICICI Securities Limited in relation to the institutional placement of units of National Highways Infra Trust (an InvIT sponsored by NHAI) aggregating to ₹ 50,534.81 million. The transaction also included a preferential issuance of units to NHAI and Employees Provident Fund Organisation.
As part of the transaction, National Highways Infra Trust has also acquired the concession rights over certain road assets of aggregate length of approximately 818.83 kms at an enterprise value of over Rs. 18,000 crores, making it the largest monetization by NHAI and one of the largest transactions in the history of Indian road sector. This was the fourth round of fund raising by National Highways Infra Trust with JSA being a part of all four deals.
JSA transaction team comprised Lead Partner, Arka Mookerjee, Partner, Pracheta Bhattacharya, Senior Associate, Sourav Modi and Associates, Ankesh Kumar and Jeebitesh Bhattacharya.
Deal Value — INR 50,534 Million.
