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S&R also advised on an INR 3.51 billion preferential allotment of units by the Trust to IRB Infrastructure Developers Limited, its sponsor.
The transaction involved an offer for sale of approximately INR 5,000 crore, undertaken by BCI IRR India Holdings Inc., BCI IRR India Holdings Limited Partnership, Cube Highways and Infrastructure II Pte. Ltd., Cube Highways and Infrastructure III Pte. Ltd., Cube Mobility Investments Pte. Ltd. and Seventy Second Investment Company LLC.
The transaction marks the first successful conversion of a privately listed InvIT into a publicly listed InvIT in India, representing a significant milestone in the evolution of India’s listed infrastructure investment market. Continuing its streak, SAM has acted on every public offering by an InvIT/REIT this calendar year.
SEBI grants in-principle approval to register Highways Infra Investment Trust as InvIT, unlocking highway assets, boosting monetisation, and expanding investor opportunities nationwide.
SEBI notifies SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2024.
On 5-7-2023, the Securities and Exchange of India (‘SEBI') notified amendments to Guidelines for Preferential Issue and Institutional Placement of Units by
On 28-09-2022, the Securities and Exchange Board of India (‘SEBI’) has issued circulars modifying the guidelines for preferential issue and