Highways Infrastructure Trust Secures ₹8,250 Cr Debt Financing
Highways Infrastructure Trust (HIT), a SEBI-registered InvIT, has secured ₹8,250 crore in debt financing, marking one of the largest debt arrangements by an InvIT in India. This strengthens HIT’s long-term growth prospects.
Structured as a Rupee Term Loan with a tenure of up to 17 years, the financing is backed by Axis Bank, HDFC Bank, ICICI Bank, IIFCL, IndusInd Bank, PNB, and SBI. The funds will support TOT Bundle 16 and a 12-road asset portfolio from PNC Infratech.
Commenting on the development, Gaurav Chandna, Executive Director and Joint CEO, Highways Infrastructure Trust, said, “We are pleased to announce the successful tie-up of rupee term loan facilities amounting to ₹8,250 crore. The overwhelming response from banks and NBFCs, including participation from all our existing lenders and the addition of three new financial partners, is a testament to the strong confidence in our business model and growth strategy.
This milestone underscores the trust our financial partners and stakeholders have placed in us. The continued support from our lending partners strengthens our ability to pursue strategic opportunities, enhance our portfolio, and drive sustainable long-term growth. We remain committed to honouring this confidence through disciplined execution and value creation.”
Adding to this, Abhishek Chhajer, Chief Financial Officer, Highways Infrastructure Trust, said, “We have successfully secured one of the largest financing arrangements by any InvIT in India, at highly competitive pricing. This ₹8,250 crore facility, linked to external benchmark rates, highlights the confidence of leading banks in our robust business model and growth trajectory. This strategic move strengthens our financial flexibility to drive value creation for our unitholders.”
