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Right Issue Status: Closed [9th Oct 2023 to 12th Oct 2023]
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.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
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 |
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.
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
Zerodha Trade@20
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.
Past performance and financial results of Highways Infrastructure Trust .
Period Ended | 31 Mar 2023 | 31 Mar 2022 |
Assets | 2,331.65 | 2,739.42 |
Revenue | 643.11 | |
Profit After Tax | 34.20 | |
Net Worth | ||
Reserves and Surplus | ||
Total Borrowing | ||
Amount in ₹ Crore |
The table below is live update of Right Issue bidding details from NSE and BSE.
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.
Last Updated on 2023-10-15T05:32:44+00:00