Bharat Highways InvIT raises Rs 826 crore from anchor investors ahead of its Rs 2,500 crore IPO with a price band of ₹98-100 per share.

Bharat Highways InvIT, an infrastructure investment trust, raises Rs 826 crore from anchor investors ahead of its IPO with a price band of ₹98-100 per share. The IPO, aiming to raise Rs 2,500 crore, is set to open for subscription on February 28 and close on March 1, with shares listed on BSE and NSE on March 6. The net proceeds will be used to provide loans to project SPVs, repay or pre-pay their outstanding loans, and for general purposes.

February 27, 2024
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