CAM, JSA act on Anantam Highways Trust ₹400 crore IPO

Anantam Highways Trust has raised ₹400 crore from an intial public offering comprising an issuance of units.

Cyril Amarchand Mangaldas advised Anantam Highways Trust, according to the DRHP.

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.

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.

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