Bharat Highway Invit

Bharat Highways Infrastructure Investment Trust (InvIT) is a distinguished infrastructure investment trust in India, structured to facilitate the acquisition, management, and investment in a diversified portfolio of infrastructure assets across the country. With its foundation firmly rooted in the SEBI InvIT Regulations, the trust is positioned to leverage opportunities in India's burgeoning infrastructure landscape.

At the heart of Bharat Highways Infrastructure Investment Trust's portfolio are seven strategically located roads, operating under the Hybrid Annuity Model (HAM) in key states including Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh. These roads, pivotal arteries of connectivity, are meticulously managed and maintained under concession rights granted by the National Highways Authority of India (NHAI). The ownership and operation of these roads are entrusted to the Project Special Purpose Vehicles (SPVs), currently under the complete ownership of GRIL (Gautam Road Infrastructure Limited).

Moreover, InvIT has fortified its investment horizon through a Right of First Refusal (ROFO) agreement with GRIL, securing priority access to select assets owned and developed by GRIL. This strategic partnership enhances InvIT's potential to expand its asset base and diversify its investment portfolio, thus fortifying its market position and delivering sustainable returns to its stakeholders.

Bharat Highways Infrastructure Investment Trust's commitment to excellence and sound governance is underscored by its impeccable credit ratings. The trust has been accorded a provisional rating of CRISIL AAA/Stable (Reaffirmed) by Crisil Ratings Limited, a provisional rating of CARE AAA/Stable by CARE Ratings Limited, and a provisional rating of IND AAA/Stable by India Ratings and Research. These ratings not only affirm the trust's financial robustness and stability but also inspire confidence among investors and stakeholders alike.

In summary, Bharat Highways Infrastructure Investment Trust stands as a beacon of reliability and growth in India's infrastructure investment landscape, poised to capitalize on opportunities, drive sustainable development, and deliver value to its investors and the nation as a whole.

The net proceeds will be utilized by the Bharat Highways InvIT towards the following objects: Providing loans to the Project SPVs for repayment/ pre-payment, in part or in full, of their respective outstanding loans (including any accrued interest and prepayment penalty); and General purposes.

Here are key details about the Bharat Highway Invit IPO: