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06 Apr 2026

Cyril Amarchand Mangaldas Advises Lead Managers on National Highways Infra Trust ₹3,086.01 Crore Fundraise

"Cyril Amarchand Mangaldas advised the lead managers (SBI Capital Markets, Axis Capital, ICICI Securities, IIFL Capital, Nuvama, A.K. Capital, Tipsons and Trust Investment Advisors) on National Highways Infra Trust's ₹3,086.01 crore fifth-round fundraise, comprising a ₹2,468.808 crore institutional placement and a ₹617.202 crore preferential allotment. NHIT is sponsored by NHAI."

Cyril Amarchand Mangaldas advised the lead managers SBI Capital Markets Limited, Axis Capital Limited, ICICI Securities Limited, IIFL Capital Services Limited, Nuvama Wealth Management Limited, A.K. Capital Services Limited, Tipsons Consultancy Services Private Limited and Trust Investment Advisors Private Limited in connection with National Highways Infra Trust’s fifth-round fundraise. National Highways Infra Trust, a privately listed infrastructure investment trust sponsored by the National Highways Authority of India (NHAI), raised a total of ₹3,086.01 crore. The fundraise comprised an institutional placement of units to eligible investors aggregating to ₹2,468.808 crore and a preferential allotment aggregating to ₹617.202 crore. The transaction is intended to further NHIT’s capacity to contribute to the National Monetisation Pipeline. Cyril Amarchand Mangaldas represented the lead managers SBI Capital Markets Limited, Axis Capital Limited, ICICI Securities Limited, IIFL Capital Services Limited, Nuvama Wealth Management Limited, A.K. Capital Services Limited, Tipsons Consultancy Services Private Limited and Trust Investment Advisors Private Limited with a team composed by: Yash J Ashar (Senior Partner); Kranti Mohan (Partner, Head - REIT and InvITs); Sarvpriya Mishra (Principal Associate); Saksham Khokhar (Senior Associate); Arjun Nair (Associate); Parikha Rathi (Associate); Nilay Raj (Associate).
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