JSA advised Axis Capital Limited in relation to the initial offering of units of Nxt-Infra Trust (“InvIT”), an infrastructure investment trust, on a private placement basis, comprising an issuance of units aggregating to ₹15,200.00 million. Actis Highway Infra Limited, an Actis affiliated entity, is the Sponsor of the InvIT.
As part of the transaction, the InvIT has acquired an asset portfolio comprising six road assets. The units of the InvIT were listed on NSE on July 02, 2024.
JSA Team comprised Lead Partner – Arka Mookerjee, Partner – Pracheta Bhattacharya, Senior Associate – Sourav Modi and Associate – Jeebitesh Bhattacharya.
Arka’s practice area covers primarily equity capital markets issuances which covers a wide range of products such as Initial Public Offerings, Rights Issues, Qualified Institutions Placements, Initial Public Offering of Infrastructure Trusts and foreign currency convertible bonds.