KKR’s InvIT to raise Rs 5.15 billion through rights issue

KKR’s Highways Infrastructure Trust, an infrastructure investment trust (InvIT) focused on acquiring operational road assets, is looking to raise Rs 5.15 billion through a rights issue. The InvIT consists of six road assets spanning over 450 km across Gujarat, Madhya Pradesh, Meghalaya, Rajasthan, Tamil Nadu, and Telangana.

The funds raised will be utilised to finance the acquisition of various road projects that KKR is currently in talks for.