National Highways Infra Trust - Outcome of Board Meeting

27 Sep 2022 , 12:00 AM

National Highways Infra Trust has informed the Exchange about Board Meeting held on 27-Sep-2022 to consider Other business mattersMeeting of the Board of Directors of National Highways Infra Investment Managers Private Limited acting in the capacity of Investment Manager to National Highways Infra Trust (NHAI InvIT) was held on 27.09.2022 wherein the Board inter-alia considered and approved:1. In connection with the proposed private placement of the units: a. Base Offer Price (???Floor Price???) of Rs. 109/- per unit of the issue, b. Adoption of draft Preliminary Placement Document to be submitted to Stock Exchange (SE), c. Approval of bid/offer opening date as 30.09.2022 and bid/offer closing date as 03.10.2022.2. Adoption of Draft Prospectus to be filed with SEBI and SE in connection with proposed public issue of NCDs.3. Considered and approved Rs. 1.61 per unit to be paid as a distribution4. Considered and approved granting of Rupee facilities aggregating up to Rs. 37,50,00,00,000 to its SPV.