SBI Life Insurance coverage, Vidyaniti purchase 4.25% unit-holding in NHIT for Rs 1,100 crore

New Delhi, SBI Life Insurance coverage and Vidyaniti LLP on Monday purchased a 4.25 per cent unit-holding in Nationwide Highways Infra Belief for Rs 1,100 crore by way of the open market transaction whereas NHAI divested 8.24 crore models within the Belief. A complete of 8.24 crore models, representing a 4.25 per cent unit-holding, was acquired by each entities.

In keeping with the block deal knowledge accessible on the NSE, SBI Life Insurance coverage Firm picked up greater than 3.74 crore models or 1.93 per cent holding in NHIT.

Vidyaniti LLP additionally purchased over 4.49 crore models, amounting to a 2.3 per cent unit-holding in Nationwide Highways Infra Belief, as per the information on the change.

The models had been picked up at a median worth of Rs 133.57 per unit, taking the mixed transaction worth to Rs 1,100.61 crore.

In the meantime, NHAI offloaded 8.24 crore models of NHIT on the identical worth, as per the information on the Nationwide Inventory Change (NSE).

On Monday, Nationwide Highways Infra Belief’s models had been closed on a flat word at Rs 133.50 a unit on the NSE. Nationwide Highways Infra Belief (NHIT), an infrastructure funding belief (InvIT) sponsored by the Nationwide Highways Authority of India (NHAI), was arrange in 2021 to assist the federal government’s Nationwide Monetisation Pipeline.

In March, SBI Mutual Fund offered a 4.7 per cent stake in NHIT for Rs 815 crore.