Dilip Buildcon Limited (DBL) has achieved a significant milestone with the listing of Anantam Highways InvIT on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). This development follows the company's earlier transfer of stakes in seven highway subsidiaries to the InvIT.

Transaction Details

The Anantam Highways InvIT public issue saw notable success:

Marquee investors included WhiteOak Capital, SBI Capital Markets, Edelweiss Life Insurance, Reliance General Insurance, and Minerva Ventures Fund.

InvIT Structure and Portfolio

• Backed by Dilip Buildcon (74%) and Alpha Alternatives (26%)
• Holds seven hybrid annuity model road projects
• Enterprise value of ₹4,500.00 crore
• Average residual concession life of 13 years

Future Plans

Anantam InvIT has outlined expansion plans:

• Targeting ₹20,000.00-₹30,000.00 crore enterprise value
• Plans to add operational highway assets across India

Strategic Implications

This launch aligns with Dilip Buildcon's capital recycling strategy, aiming to:

• Enhance balance sheet strength
• Create long-term stakeholder value
• Implement structured monetization of operational assets

Conclusion

The listing of Anantam Highways InvIT represents a significant step for Dilip Buildcon in its asset management and growth strategy. This move demonstrates the company's ability to attract investor interest and positions it for potential expansion in the infrastructure sector. As the InvIT plans to grow its portfolio, it may create new opportunities for both Dilip Buildcon and investors in the infrastructure space.

Dilip Buildcon Limited (DBL), a prominent infrastructure company, has reported that the Income Tax Department recently conducted checks at its office to review certain transactions. The company has assured full cooperation with the authorities while emphasizing that its business operations remain unaffected during this process.

Details of the Inspection

According to the company's filing with the stock exchanges, the Income Tax Department officials visited Dilip Buildcon's registered office under Section 132 of the Income Tax Act. The purpose of the visit was to verify specific transactions, although the nature of these transactions was not disclosed.

Company's Response

Dilip Buildcon has stated that it is providing all necessary information and clarifications as required by the Income Tax officials. The company emphasized its commitment to transparency and cooperation with regulatory authorities.

Impact on Operations

In its communication to the stock exchanges, Dilip Buildcon assured stakeholders that its business operations remain unaffected and continue as usual. The company has not received any specific directions or orders from the Income Tax Department at this time.

Regulatory Compliance

The company has provided details of the inspection in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure is in line with SEBI's requirements for listed entities to inform shareholders about significant events that may impact the company.

Key Points of the Disclosure

Investors and stakeholders are advised to monitor further communications from the company regarding this matter. As the inspection is ongoing, more details may emerge in the coming days or weeks.