NHIT allots 1312 cr units to NHAI and institutional investors

18 Oct 2022 , 01:32 AM

The Board of Directors of National Highways Infra Investment Managers acting in the capacity of Investment Manager to National Highways Infra Trust NHIT considered and approved the following via circular resolution passed on 12 October 2022 1 the allotment of 19602600 units of the NHIT Units to National Highways Authority of India NHAI Sponsor at a price of Rs 10900 per Unit on preferential basis aggregating to Rs 21366 crore 2 the allotment of 111602600 units of the NHIT Units to the eligible institutional investors at an Offer Price of Rs 10900 per Unit through Institutional placement aggregating to Rs 121646 crore NHIT has received the Listing approvals from the National Stock Exchange of India and BSE vide letters each dated 12 October 2022 and trading approvals vide letters each dated 13 October 2022 for the above mentioned allotments to Sponsor and Institutional Investors