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 submitted to the exchanges the independent valuation report for its proposed acquisition of two toll road projects under Round 5: Amravati–Chikhali–Tarsod (255.98 km, four-lane, NH-53, Maharashtra) and Gundugolanu–Chinna Avutapalli (54.38 km, six-lane, NH-16, Andhra Pradesh). Together they span 310 km (1,348 lane-km) under 20-year TOT concessions beginning April 2026. Ernst & Young Merchant Banking Services LLP has valued the combined enterprise value of these assets at Rs. 6,220.90 crores using the DCF (Free Cash Flow to Firm) method, with the valuation date of 28 February 2026. This is a related-party transaction as the seller is NHAI, the sponsor of the trust.
The report gives unitholders the independent fairness benchmark for the upcoming acquisition from NHAI. The final acquisition price and unit-allotment terms will be key next steps; a price close to or below the Rs. 6,220.90 crores valuation would generally be seen as accretive, while a premium could raise governance questions given NHAI is the sponsor.