TVS Infrastructure Trust, sponsored by TVS Industrial & Logistics Parks, has successfully listed its infrastructure investment trust (InvIT) on the National Stock Exchange (NSE), raising over ₹1,300 crore.

The offering comprised:

• Fresh issue of 10.5 crore units aggregating to ₹1,050 crore

• Offer for sale (OFS) of 2.5 crore units aggregating to ₹250 crore by the selling unitholder

The proceeds will be used to fund growth, refinance existing debt, and for general corporate purposes.

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Parties Involved

Legal Advisory Teams

Cyril Amarchand Mangaldas – Counsel to Issuer & Sponsor

CAM advised TVS Infrastructure Trust, TVS Industrial & Logistics Parks, and the Investment Manager on all legal aspects of the transaction, including structuring, regulatory advice, and documentation.

The matter was closed under the overall guidance of Yash J. Ashar, Senior Partner.

Key Team Members:

• Kranti Mohan – Partner (Head – REITs & InvITs)

• Sarvpriya Mishra – Principal Associate

• Saksham Khokhar – Senior Associate

• Molika Agrawal, Parikha Rathi, Mansii Jain – Associates

Real Estate Advisory:

• Abhilash Pillai, Ashish Jain, Rishiraj Bhatt – Partners

• Esther Joshua Philip, Siddhant Sharma, Archit Mishra – Senior Consultants / Principal Associates

• Kripa Sankari, Kinnari Jain, Rohan Chugh, Pavithra Rao – Senior Associates

• Kalyan Chakravarthy, Akshaya B.S., Shruthi P. – Associates

JSA Advocates & Solicitors – Counsel to Lead Managers

JSA advised Axis Capital and Kotak Mahindra Capital on all domestic legal aspects, including:

• Legal due diligence

• SEBI compliance

• Drafting of offer documents

• Regulatory approvals

Key Team Members:

• Arka Mookerjee – Partner (Lead Partner)

• Pracheta Bhattacharya, Anshu Bansal – Partners

• Sourav Modi, Ananth Balaji – Principal Associates

• Aditya Shendye, Jeebitesh Bhattacharya, Vaishnavi Kokkonda – Associates

Hogan Lovells – International Counsel to BRLMs

Hogan Lovells Lee & Lee acted as international legal advisor to the book running lead managers, providing support on cross-border regulatory and documentation matters.

Key Transaction Highlights

• First major InvIT IPO from the logistics and warehousing sector

• Raised ₹1,300 crore through a combination of fresh issue and OFS

• Significant legal coordination across Indian and international jurisdictions

• Adds momentum to the growing REIT/InvIT capital market ecosystem in India

Strategic Significance

The listing of TVS Infrastructure Trust represents a milestone for the logistics InvIT space in India, diversifying investor exposure to high-quality income-generating infrastructure assets beyond traditional power and road assets.

With a strong tenant portfolio, scalable warehousing infrastructure, and experienced sponsor group (TVS ILP), the InvIT is positioned to deliver long-term returns to unitholders.

Why It Matters

• Demonstrates the viability of InvITs as capital-raising tools for infrastructure developers

• Enhances retail and institutional investor access to income-yielding logistics assets

About TVS Infrastructure Trust

TVS Infrastructure Trust is a logistics-focused InvIT sponsored by TVS Industrial & Logistics Parks, operating modern warehousing and distribution infrastructure across India. With the ₹1,300 crore InvIT listing of TVS Infrastructure Trust, India’s logistics infrastructure story has taken another leap forward.

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Disclaimer

This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.