IFLR1000

IndInfravit Trust NSE / BSE listing

9/5/2018
Private placement of shares
Select tab

$ 530 million

Completed

9/5/2018

Overview:

  • Infrastructure investment trust IndInfravit Trust completed its initial offering and listed on the NSE and BSE.
  • IndInfravit Trust is India’s first registered InvIT to list through a private placement. 
  • The initial offering comprised a fresh issue of units aggregating $460 million and an offer for sale of units by the sponsor aggregating $70 million.

Shah Shameer Ahmed - Researcher 

Jurisdiction:

India

Deal type:

Private placement of shares

Practice area:

Capital markets : Equity

Industry sector:

Transport

Firms:
Cyril Amarchand Mangaldas

Party: IndInfravit Trust (Issuer)

Party: L&T Infrastructure Development Projects (Sponsor)

Party: L&T Infrastructure Development Projects (selling unitholder)

Lawyers: Kranti Mohan, Yash Ashar

JSA

Party: ICICI Securities (Lead manager)

Party: Citigroup Global Markets India (Lead manager)

Lawyer: Dina Wadia

Shardul Amarchand Mangaldas & Co

Party: Allianz Capital Partners (Investor)

Simmons & Simmons

Party: Citigroup Global Markets India (Lead manager)

Party: ICICI Securities (Lead manager)

Trilegal

Party: ICICI Bank (Lender)

Wadia Ghandy & Co

Party: Larsen & Toubro (shareholder of sponsor)

Related deals