Nxt-Infra InvIT raises Rs 15.20 billion

Nxt-Infra Trust, an infrastructure investment trust (InvIT) sponsored by Actis, has raised Rs 15.20 billion in its initial fundraise. The InvIT holds six road assets that were acquired by Actis from the Welspun group in 2022 for an enterprise valuation of around Rs 60 billion. Of the total fundraise, Rs 13.89 billion will be used for repayment of debt of these assets.
The fundraise saw participation from various domestic institutional investors such as mutual funds, corporate treasuries and pension funds. Some of the domestic investors that participated in the InvIT fundraise include Tata Investment Corporation and L&T’s treasury.