National Highways Infra Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
National Highways Infra Trust (NHIT) has filed a routine SEBI compliance report detailing the use of funds raised through two institutional placements. The first placement (Leap Project, March 2024) raised Rs. 6,181.25 crore, of which Rs. 6,176.14 crore has been utilized, with net proceeds of Rs. 6,134.80 crore fully deployed across NEPPL infusion, debt service reserve, general purposes, and additional concession fee. The second placement (Ascent Project, March 2025) raised Rs. 5,053.48 crore, with Rs. 5,046.56 crore utilized for NSPPL infusion, lender fees, and general corporate purposes. There is no deviation from the stated objects of either issue. Minor variations exist only in offer expenses, where Rs. 5.11 crore (Leap) and Rs. 6.86 crore (Ascent) remain to be spent on fees yet to be paid.
This is a routine regulatory filing confirming that NHIT has used investor funds in line with the stated objectives of both placements, with no misuse or diversion. Investors can take comfort that both Leap and Ascent project issuances are largely fully deployed toward their intended purposes, with only small residual balances for administrative expenses.