National Highways Infra Trust Bulk Deal: Larsen & Toubro buys 1.20 cr units of National Highways Infra Trust for Rs 149 cr.

New Delhi-based engineering and construction major Larsen & Toubro Ltd on Wednesday bought the ₹1.2 billion National Highways Infra Trust for Rs 149.65 crore in an open market transaction. National Highways Infra Trust is an infrastructure investment trust (InvIT) sponsored by the National Highways Authority of India (NHAI).

Larsen & Toubro purchased 1.2 billion units, representing an 11.02% stake, in National Highways Infra Trust, according to bulk transaction data available on the National Stock Exchange (NSE).

The units were picked at an average price of Rs 124.71 per unit, taking the transaction value to Rs 149.65 crore.

The details of the seller of the National Road Infrastructure Trust Business Office could not be confirmed. Units of National Highways Infra Trust rose marginally to Rs 124.53 per unit on NSE.