Nxt-Infra Trust, a pivotal infrastructure investment entity, recently achieved a significant milestone through a private placement of units valued at Rs. 1,52,000 lakhs, with each unit priced at Rs. 100. The entire transaction was deftly guided by Cyril Amarchand Mangaldas (CAM).
This strategic offering was aimed at eligible investors outside the United States, leveraging the provisions of Regulation S under the United States Securities Act of 1933. The Trust’s portfolio comprises six vital roadways, spanning over 2,000 lane kilometers across key regions like Delhi, Haryana, Maharashtra, Uttarakhand, and Uttar Pradesh.
CAM’s role was instrumental in this landmark transaction, providing indispensable strategic counsel. The firm meticulously managed the intricacies of shareholding transfer restrictions, structured future agreements for residual stake acquisitions, and coordinated extensively with authorities like NHAI and PWD-Maharashtra. Their efforts ensured a seamless transaction, setting a new benchmark in infrastructure investments.
The Capital Markets team at CAM, led by Kranti Mohan, with key contributions from Chinar Gupta, Subham Jain, Arjun Nair, and Siddhant Mehta, spearheaded the advisory efforts. The transaction also saw the collaboration of Axis Capital Limited as the book-running lead manager and NovaOne Capital Pvt. Ltd as the financial advisor.
The deal was signed on June 26, 2024, and successfully closed on June 28, 2024, marking a significant achievement in the infrastructure investment landscape.
