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Highways Infrastructure Trust Rights Issue 2023 Detail
Issue Open October 9, 2023
Issue Close October 12, 2023
Issue Size (Shares) 6.60 Crores
Issue Size (Amount) ₹514.17 Crores
Issue Price ₹78 per Share
Listing At NSE

Highways Infrastructure Trust Rights Issue 2023 Date & Price FAQs

Highways Infrastructure Trust Rights Issue 2023 Timetable

Last Date for credit of Rights EntitlementsOctober 6, 2023
Last Date for renunciation of Rights EntitlementsOctober 9, 2023
Issue Opening DateOctober 9, 2023
Issue Closing DateOctober 12, 2023
Allotment DateOctober 16, 2023
Shares Credit DateOctober 17, 2023
Listing DateOctober 18, 2023

Highways Infrastructure Trust Rights Issue 2023 price is set at ₹78 per Share. The Highways Infrastructure Trust Rights Issue 2023 opens on October 9, 2023, and closes on October 12, 2023, for the subscription.

The allotment of Highways Infrastructure Trust Rights Issue 2023 is expected to happen on or about October 16, 2023 as per the issue schedule.

Highways Infrastructure Trust Rights Issue 2023 expected to list on or around October 18, 2023.

The credit of Highways Infrastructure Trust Rights Issue 2023 in Demat account is expected on or about October 17, 2023 as per the issue schedule.

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Acquisition of 100% of the issued, subscribed, and paid-up equity share capital of the Target SPV.
  2. Repayment of the outstanding debt of the Target SPV.
  3. General purposes.

It is difficult to say at what price Highways Infrastructure Trust Rights Issue 2023 shares will list. The price depends on the demand and supply of company's shares on the day of listing.

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