What is Citius Transnet Investment Trust planning with Sebi?

Citius Transnet Investment Trust has filed preliminary papers with Sebi seeking approval for a ₹1,340-crore initial public offering.

How will Citius Transnet use the IPO funds?

The IPO proceeds will be utilized for acquiring securities of SRPL and identified project SPVs, along with general corporate purposes.

What kind of assets does Citius Transnet manage?

Citius Transnet focuses on transport infrastructure assets, including roads, managing 3,406.71 lane-kilometers across nine Indian states.

Home / Business and Economy / Indian Infrastructure Trust Files for ₹1,340 Crore IPO

Indian Infrastructure Trust Files for ₹1,340 Crore IPO

9 Dec

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Summary

Citius Transnet seeks Sebi approval for a ₹1,340 crore IPO.
IPO proceeds will fund infrastructure asset acquisitions.
Trust manages 3,406 lane-kilometers across nine states.

Indian Infrastructure Trust Files for ₹1,340 Crore IPO

Citius Transnet Investment Trust has initiated the process for a substantial ₹1,340-crore initial public offering by filing draft papers with the Securities and Exchange Board of India (Sebi). The proposed public offering includes a strategic investor component, limited to 25 percent of the total issue size. This fundraising aims to bolster the trust's capacity for strategic acquisitions within the transport infrastructure domain.

The significant proceeds, totaling ₹1,235 crore from the fresh issuance, are earmarked for the partial or full acquisition of securities from SRPL and specific project special purpose vehicles, including TEL, JSEL, Dhola, and Dibang. A smaller portion of the funds will be reserved for general corporate activities. This strategic move underscores the trust's commitment to expanding its footprint in India's vital transport infrastructure sector.