Citius Transnet Investment Trust has filed preliminary papers with markets regulator SEBI seeking its approval to float a ₹1,340-crore initial public offering (IPO).

According to the draft papers, the proposed public offer involves units aggregating up to ₹1,340 crore and includes a strategic investor portion capped at 25% of the total issue size.

Proceeds from its fresh issuance worth ₹1,235 crore will be utilised for partial or full acquisition of securities of SRPL and certain identified project SPVs — TEL, JSEL, Dhola and Dibang, besides a portion will be earmarked for general purposes.

Citius Transnet Investment Trust is a transport sector-focused infrastructure investment trust established with an objective to acquire, manage and invest in a portfolio of transport infrastructure a

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