Linklaters advises on Citius TransNet Investment Trust’s IPO in India

Linklaters has acted as sole international counsel on the initial public offering of units by Citius TransNet Investment Trust, aggregating to INR 11,050m (approximately US$116m). The offering attracted strong investor demand, with the offer reportedly subscribed 11.66 times.

Citius TransNet Investment Trust is a transport sector-focused infrastructure investment trust that invests in a diversified portfolio of transport assets, with a particular focus on highway infrastructure.

The Linklaters team was led by partner and Head of India Practice Amit Singh, with support from counsel Joseph Wolpin and managing associate Rushil Oberoi.

Linklaters’ partner and Head of India Practice Amit Singh commented:

“We are delighted to have supported on Citius TransNet Investment Trust’s IPO. The strong demand for the offering highlights continued investor confidence in the infrastructure investment trust space. We were delighted to bring together our capital markets experience to support the client on this important transaction.”

With more than 50 years of experience in Asia, Linklaters has an established track record as the leading Indian capital markets practice. The team has advised on numerous high-profile equity offerings across diverse sectors, such as the recent IPOs of SEDEMAC Mechatronics, Shadowfax Technologies and Vikram Solar.