Cyril Amarchand Mangaldas acted in relation to fifth round of fundraiser by NHIT through institutional placement of units to eligible investors aggregating to an amount of ₹ 24,688.08 million, and through a preferential allotment of its units aggregating to an amount of ₹ 6,172.02 million

National Highways Infra Trust (“NHIT”), a privately listed infrastructure investment trust, sponsored by National Highways Authority of India (NHAI), has successfully completed the fifth round of fund raising but way of institutional placement of units to eligible investors, for an amount aggregating to ₹ 24,688.08 million and on a preferential basis for an amount aggregating to ₹ 6,172.02 million. The transaction facilitates progress of NHIT in making major contribution to support the National Monetisation Pipeline.

We advised 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 relation to this transaction.

The transaction team was led by Yash Ashar, Senior Partner; and Kranti Mohan, Partner (Head - REIT and InvITs); supported by Sarvpriya Mishra, Principal Associate; Saksham Khokhar, Senior Associate; Arjun Nair, Parikha Rathi, and Nilay Raj, Associates.

About Cyril Amarchand Mangaldas:

Cyril Amarchand Mangaldas (CAM) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm’s generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With over 1400 lawyers including 220 Partners, the Firm is a full-service law firm with offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City, Singapore and Abu Dhabi.

The Firm has been named “Law Firm of the Year 2025” and consistently recognised as “Best Overall Law Firm” by the IBLJ Indian Law Firm Awards. It received “National Law Firm of the Year: India” at the IFLR Asia-Pacific Awards for the second consecutive year in 2023 and 2022 and “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards. The Firm also won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2022.