Investment Banking

IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.

The following disclaimer applies to the draft offer document of Bharat Highways InvIT (the “Trust”) dated December 21, 2022 filed with the Securities Exchange Board of India (“SEBI”) (the “Draft Offer Document”) and hosted on this website in connection with a proposed public offering of units (the “Units”, and such offering, the “Offer”). In accessing the Draft Offer Document, you agree to be bound by the following terms and conditions, including any modifications to them from time to time. You are therefore advised to read the following terms and conditions carefully before reading, accessing or making any other use of the Draft Offer Document.

You are reminded that you have accessed the Draft Offer Document on the basis that you are a person into whose possession the Draft Offer Document may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located. The Draft Offer Document is directed at, and is intended for distribution to, and use by, residents of India only. No part of the contents of the Draft Offer Document shall be copied or duplicated in any form by any means, or redistributed.

The Draft Offer Document has been hosted on this website as prescribed under the SEBI (Infrastructure Investment Trusts) Regulations, 2014, as amended (the “InvIT Regulations”) read with the SEBI circular dated May 11, 2016, on Guidelines for public issue of units of InvITs issued by the SEBI, as amended (the “InvIT Public Issue Guidelines” and together with the InvIT Regulations and other guidelines, the “SEBI Guidelines”). IIFL Securities Limited, as one of the Lead Managers to the Offer, has taken all necessary steps to ensure that the contents of the Draft Offer Document as appearing on this website are identical to the Draft Offer Document filed with SEBI for its comments in accordance with the SEBI Guidelines. You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently; neither IIFL Securities Limited nor any of its affiliates accepts any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data.

Any potential investor should note that investment in the Units involves a high degree of risk. For details, potential investors should refer to the offer document, which may be filed with the SEBI in future, including the section titled “Risk Factors” and “Forward Looking Statements”. Any decision on whether to invest in the Units described in the Draft Offer Document may only be made after an offer document has been filed with the SEBI, and must be made solely on the basis of the offer document. As there may be material changes in the offer document versus the Draft Offer Document, potential investors should not rely on the Draft Offer Document filed with the SEBI.

The contents of the Draft Offer Document are for your information only. The Draft Offer Document does not constitute an offer to sell or an invitation to subscribe to Units offered in any jurisdiction to any person to whom it is unlawful to make an offer or invitation in such jurisdiction. Any forwarding, distribution or reproduction of the contents herein in whole or in part is unauthorized.

NOTHING HEREIN CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE UNITS HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT), OR ANY U.S. STATE SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD, RESOLD OR OTHERWISE TRANSFERRED WITHIN THE UNITED STATES OR THE TERRITORIES OR POSSESSIONS THEREOF (THE “UNITED STATES” OR “U.S.”), EXCEPT IN A TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT. THE UNITS REFERRED TO IN THE DRAFT OFFER DOCUMENT ARE BEING OFFERED AND SOLD IN “OFFSHORE TRANSACTIONS” OUTSIDE THE UNITED STATES, AS DEFINED IN, AND IN RELAINCE ON REGULATION S UNDER THE SECURITIES ACT TO INVESTORS LOCATED IN JURISDICTIONS WHERE SUCH OFFER AND SALE OF THE UNITS IS PERMITTED UNDER LAWS OF SUCH JURISDICTIONS. THE OFFERING TO WHICH THE DOCUMENTS RELATES IS NOT, AND UNDER NO CIRCUMSTANCES IS TO BE CONSTRUED AS, AN OFFERING OF ANY UNITS FOR SALE IN THE UNITED STATES OR AS A SOLICITATION THEREIN OF AN OFFER TO BUY ANY OF THE SAID UNITS. ACCORDINGLY, YOU SHOULD NOT FORWARD OR TRANSMIT THE ATTACHED DOCUMENTS IN OR INTO THE UNITED STATES AT ANY TIME.

Any person into whose possession the Draft Offer Document comes is required to inform him or herself about and to observe any such restrictions. IIFL Securities Limited is not soliciting any action based on the Draft Offer Document, and it should not be construed as an offer to sell or the solicitation of an offer to buy any Units.

IIFL Securities Limited, as a Lead Manager has taken all necessary steps to ensure that the contents of the Draft Offer Document as appearing on this website are identical to the Draft Offer Document filed with the relevant regulatory authorities in India. However, you are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently neither IIFL Securities Limited nor any of its affiliates accept any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data. IIFL Securities Limited will not be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website.

IIFL Securities Limited will not be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. IIFL Securities Limited cannot and does not guarantee the accuracy, timeliness or completeness of the information being made available to you in the Draft Offer Document beyond the date of the Draft Offer Document.

Neither IIFL Securities Limited, nor any of its affiliates nor their directors, officers and employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials.

Please note that documents downloaded and used for subscription to the Offer in contravention of the above will be rejected with no recourse to IIFL Securities Limited, the Trust, or any of their respective affiliates.

If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

By clicking on the "I CONFIRM" button you agree with the terms and conditions mentioned above.

To access this information, you must confirm by pressing on the button marked "I Confirm" that, at the time of access, you (a) are located and resident in India and (b) are not a resident of the United States and you are not located inside the United States. If you cannot make this confirmation, you must press the button marked "I Do Not Confirm"