Private equity firm Premji Invest on Monday bought 2.61 per cent unit-holding in National Highways Infra Trust (NHIT) for ₹754 crore through open market transactions.
Billionaire s PE firm, through its arm Prazim Trading and Investment Company Pvt Ltd, purchased a total of 5.06 crore units, representing a 2.61 per cent unit-holding in NHIT, as per the bulk deal data available on the NSE.
The units were acquired at an average price of ₹149.06 per unit, taking the transaction value to ₹754.24 crore.
About Vidyaniti LLP
Meanwhile, Vidyaniti LLP sold the same number of units at the same price, as per the data on the National Stock Exchange (NSE).
Prazim and Investment Company is one of the promoter group entities of IT major Wipro.
National Highways Infra Trust’s units rose 0.57 per cent to close at ₹149 apiece on the NSE.
In March this year, two entities, including Vidyaniti LLP bought a 4.25 per cent unit-holding in NHIT for ₹1,100 crore from National Highways Authority of India ().
NHIT, an infrastructure investment trust sponsored by the NHAI, was set up in 2021 to support the government’s National Monetisation Pipeline.