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SBICAPS acted as Left Lead Merchant Banker to NHAI InvIT’s ‘Round 3’ unit issuance

SBICAPS is proud to have acted as Left Lead Merchant Banker to NHAI InvIT’s ‘Round 3’ unit issuance - one...

SBICAPS is proud to have acted as Left Lead Merchant Banker to NHAI InvIT’s ‘Round 3’ unit issuance – one of the largest InvIT transaction in the road sector. National Highways Infra Trust (NHIT), the infrastructure Investment Trust by the National Highways Authority of India (NHAI), has successfully concluded fund-raising through ’InvIT Round-3’forNational Highway stretches of aggregate length of 889 kms at an Enterprise Value of over Rs. 16,000 crores, which is the largest monetization by NHAI and one of the largest transactions in the history of Indian road sector. NHIT has raised unit capital through institutional placement of around Rs. 6,181 crores from marquee domestic and international investors. The issue witnessed strong demand from both existing and new investors and was oversubscribed by ~1.08x.
SBICAPS mobilized more than 50% of total issue size. SBI Group has been the No.1 domestic investor in all the 3 rounds of NHAI InvIT’s Unit Issuances. This shows SBI Group’s unwavering commitment to the National Monetization Pipeline.

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