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Bharat Highways InvIT to float ₹2,500 crore IPO on 28 Feb

Mint Mumbai

|

February 23, 2024

Bharat Highways Infrastructure InvIT, an investment trust, on Thursday said it will launch its ₹2,500 crore initial public offering (IPO) on 28 February.

Bharat Highways InvIT to float ₹2,500 crore IPO on 28 Feb

The InvIT's maiden public issue will conclude on 1 March and the price band has been set at ₹98-100 per unit for the issue, Bharat Highways InvIT said in a statement. Proceeds from the issue will be utilized to provide loans to the Project SPVs (special purpose vehicles) for repayment of their outstanding lo

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