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Highways Infrastructure Trust Right Issue Details 2023

Right Issue Status: Closed [9th Oct 2023 to 12th Oct 2023]

Rated 3/5 by Team InvestorGain

Highways Infrastructure Trust  Right Issue Detail

Highways Infrastructure Trust is offering rights issue to the extent of 65,952,380 equity shares worth Rs. 514.17 Cr. The subscription period for this rights issue will be from Oct 09, 2023 to Oct 11, 2023. The company will issue 10 rights shares for every fully paid 63 share held on the record date of Sept 29, 2023. The face value of a share is Rs. 10 per share and the issue price is fixed at Rs. 77.96 per share.

Stay connected with us to know more about Highways Infrastructure Trust Right Issue Details 2023 including issue size, entitlement to rights, payment terms and more.

Highways Infrastructure Trust Right Issue Objective

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Acquisition of 100% of the issued, subscribed, and paid-up equity share capital of the Target SPV.
  2. Repayment of the outstanding debt of the Target SPV.
  3. General purposes.

Highways Infrastructure Trust Right Issue Details

Highways Infrastructure Trust Issue Details Values
Category RightIssue
Right Issue Issue Size (Shares) 6.60 Cr Shares
Right Issue Issue Size (Amount) ₹514.17 Cr
Face Value ₹10 Per Equity Share
Right Issue - Issue Price ₹77.96 per share
Right Issue Record Date 29th Sep 2023
Right Issue Entitlement 10 Rights Equity Share(s) for every 63 fully paid-up Equity Shares held on Record Date
Right Issue Terms of payment

Full amount of ₹ 77.96 per Unit shall be payable on Application

Listing At NSE
BSE Code
NSE Code HIGHWAYSR

Highways Infrastructure Trust Right Issue Dates

In this section we have covered all important dates related to Highways Infrastructure Trust Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.

Highways Infrastructure Trust Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 9th Oct 2023
Right Issue Issue Close Date 12th Oct 2023
Basis of Allotment Finalisation Date* 16th Oct 2023
Refunds Initiation* 9th Oct 2023
Credit of Shares to Demat Account* 17th Oct 2023
Right Issue Listing Date* 18th Oct 2023

* - Tentative Dates

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About Company - Highways Infrastructure Trust

Highways Infrastructure Trust was established in 1976. KKR is a leading global investment firm with approximately $519 billion in assets under management as of June 30, 2023, providing alternative asset management, capital markets and insurance solutions. KKR sponsors mutual funds that invest in private equity, credit and real assets, and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer annuity, life and reinsurance products under the direction of Global Atlantic Financial Group. KKR seeks to generate attractive investment returns by pursuing a patient and disciplined investment approach, employing world-class people and supporting the growth of its portfolio companies and communities.

KKR has built a dedicated infrastructure team and developed a strategy focused on global investment opportunities. KKR has been one of the most active infrastructure investors globally in recent years, with approximately 75 infrastructure investments worldwide and more than $50 billion in infrastructure assets under management. Today, KKR’s infrastructure platform includes approximately 90 dedicated investment professionals across 10 offices, covering a broad range of investment opportunities in various infrastructure sub-sectors, including: Midstream Energy, Renewables, Power and Utilities, Water and Wastewater, Waste, Telecommunications and Transportation. KKR continuously monitors infrastructure sectors and infrastructure-related investments for emerging trends and can identify and prioritize investments in other sectors as conditions change or cycles evolve.

Highways Infrastructure Trust Financials for past 3 Years

Past performance and financial results of Highways Infrastructure Trust .

Highways Infrastructure Trust Financial Information (Restated Consolidated)

Period Ended31 Mar 202331 Mar 2022
Assets2,331.652,739.42
Revenue643.11
Profit After Tax34.20
Net Worth
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Highways Infrastructure Trust Right Issue Live Subscription (NSE + BSE)

The table below is live update of Right Issue bidding details from NSE and BSE.

    Company Address

    Highways Infrastructure Trust
    2 nd Floor, Piramal Tower, Peninsula Corporate Park, Lower Parel
    Mumbai,Maharashtra-400013
    India
    Website: https://highwayinfrastructure.in/
    Phone: +91 7506333447
    Email: [email protected]

    Registrar

    Link Intime India Private Ltd
    Link Intime India Private Ltd
    C 101, 247 Park, L.B.S.Marg,
    Vikhroli (West), Mumbai - 400083
    Website: https://linkintime.co.in/Initial_Offer/public-issues.html
    Phone: +91-22-4918 6270
    Email: [email protected]

    Lead Manager

    1. Axis Capital Limited

    Highways Infrastructure Trust Right Issue Offer Document (Letter of Offer) >>Document

    Highways Infrastructure Trust Right Issue Offer Document (Letter of Offer) >>Highways Infrastructure Trust Right Issue Red Herring Prospectus is not yet available.

    Highways Infrastructure Trust Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

    Highways Infrastructure Trust Right Issue Online Application (Registrar & Transfer Agent) >>Highways Infrastructure Trust Right Issue RTA information is not yet available.

    Highways Infrastructure Trust Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for Highways Infrastructure Trust ? Should I apply in Highways Infrastructure Trust Right Issue?

    Last Updated on 2023-10-15T05:32:44+00:00


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