Highways Infrastructure Trust Rights Issue 2023 FAQ's

₹514.17 Crores | Listing at NSE | Mon, Oct 9, 2023 - Thu, Oct 12, 2023

Highways Infrastructure Trust Rights Issue Date 2026 & Price FAQs

The timetable for Highways Infrastructure Trust Rights Issue is as follows:

Last Date for credit of Rights EntitlementsFri, Oct 6, 2023
Last Date for renunciation of Rights EntitlementsMon, Oct 9, 2023
Issue Opening DateMon, Oct 9, 2023
Issue Closing DateThu, Oct 12, 2023
Date of Allotment (on or about)Mon, Oct 16, 2023
Date of Credit (on or about)Tue, Oct 17, 2023
Date of Listing (on or about)Wed, Oct 18, 2023

Highways Infrastructure Trust Rights Issue 2023 price is set at ₹77.96 per share. The Highways Infrastructure Trust Rights Issue 2023 opens on Mon, Oct 9, 2023, and closes on Thu, Oct 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 is 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.

Objects of the Issue:

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 predict the exact listing price of Highways Infrastructure Trust Rights Issue shares. The price depends on the demand and supply of the company's shares on the day of listing.

We do not provide Rights Issue recommendations. However, we share a lot of information about Highways Infrastructure Trust which could help you with questions like whether to subscribe or not. Consider reading Highways Infrastructure Trust reviews and analysis from experts posted on the Rights Issue detail page.