Nxt-Infra Trust successfully executed an institutional placement, raising ₹700.15 crore through the issuance of units to institutional investors. The prestigious law firm, Cyril Amarchand Mangaldas, provided legal counsel to Nxt-Infra Trust, along with the lead managers, NovaaOne Capital Private Limited and Ambit Private Limited, throughout this significant transaction.
Legal Team Behind the Transaction
The capital markets team at Cyril Amarchand Mangaldas was led by Partner Janhavi Manohar, with critical support from Senior Associates Saksham Khokhar and Ankesh Kumar. The team also included Associates Molika Agrawal, Sanjana Prasad, Monusha Nambiar, Aryan Pandey, and Maria Palamattom, who played pivotal roles in facilitating the unit issuance.
Additionally, the firm’s general corporate team, comprising of Partner Ratnadeep Roychowdhury and Associate Shaunak Choudhury, contributed their expertise on certain aspects of the transaction, ensuring a comprehensive legal approach was maintained throughout the process.
About Nxt-Infra Trust
Nxt-Infra Trust, sponsored by Actis Highway Infra Limited, is an Infrastructure Investment Trust (InvIT) that manages road and highway assets across India. Its extensive portfolio includes six project Special Purpose Vehicles (SPVs), covering over 2,000 lane kilometers in regions such as Delhi, Haryana, Uttarakhand, Uttar Pradesh, and Maharashtra.
This strategic institutional placement marks a significant milestone for Nxt-Infra Trust, reinforcing its position in the infrastructure sector and enhancing its capacity to manage and expand its asset base effectively.
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