Anantam Highways Trust has raised ₹400 crore from an intial public offering comprising an issuance of units.
As part of the transaction, the InvIT has also acquired seven road assets, which operate on a hybrid annuity model, from Dilip Buildcon Limited and its associates, as well as from certain associates of Alpha Alternatives Holding Private Limited.
Cyril Amarchand Mangaldas advised Anantam Highways Trust on the IPO as well as on the acquisition of road assets.
The CAM capital markets team that advised on the IPO comprised of Kranti Mohan (Partner, Head – REIT and InvITs), Priyadarshini Rao (Partner), Ankesh Kumar (Senior Associate), Associates Arjun Nair and Sanjana Prasad.
The CAM general corporate team that advised on the acquisition comprised of Bhargav Joshi (Partner), Alena Jamal (Associate), Harshitha Swarna (Associate) and Arushi Kankariya (Associate).
JSA Advocates & Solicitors advised the lead manager Nuvama Wealth Management Limited on this IPO.
The transaction team was led by Arka Mookerjee (Partner), with support from Siddhartha Desai (Partner), Sourav Modi (Principal Associate), and Associates Jeebitesh Bhattacharya and Vaishnavi Kokkonda.
Anantam Highways Trust is an Indian infrastructure investment trust which proposes to invest in infrastructure assets, including in road infrastructure assets. The InvIT is sponsored by Alpha Alternatives Fund Advisors LLP.
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