NHAI Plans Infra Trust IPO in March, Aims to Raise 57 Billion Rupees

• National Highways Authority of India (NHAI) is preparing to launch an initial public offering (IPO) of its infrastructure investment trust.
• The IPO aims to raise as much as 57 billion rupees ($629 million) as soon as next month.
• Raajmarg Infra Investment Trust has begun meeting prospective investors and plans to start the share sale in the first half of March.
• Proceeds from the offering will fund debt or equity for the project's special purpose vehicle.
• SBI Capital Markets Ltd., Axis Bank Ltd., ICICI Securities Ltd., and Motilal Oswal Investment Advisors Ltd. are advising on the offering.