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National Infrastructure Trust files draft offer to raise Rs 1,600 cr through public issue
The Business Guardian
|August 28, 2024
National Infrastructure Trust, has filed its Draft Offer Document with the Securities and Exchange Board of India (SEBI) on August 26, to raise an aggregate amount of Rs 1,600 crore through a O public issue of units.
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The proposed Initial Public Offering (IPO) will consist of a fresh issue of units aggree gating up to Rs 1,200 crore and an offer for sale of up to Rs 400 crore by the Sponsor Selling Unitholder.
The units will be offered - through a book-building process, with 75 per cent C S of the issue, excluding the e strategic investor portion, allocated to institutional investors and the remaining 25 per cent to non-institutional investors.
This story is from the August 28, 2024 edition of The Business Guardian.
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