Energy Infrastructure Trust , formerly known as India Infrastructure Trust, has reported a significant transaction involving its sponsor. The trust, which trades under the scrip code 542543 on the BSE, disclosed details of a recent sale of trust units by its sponsor, Rapid Holdings 2 Pte. Ltd.

Transaction Details

According to the disclosure made to BSE Limited on September 22, Rapid Holdings 2 Pte. Ltd., the sponsor of Energy Infrastructure Trust, sold an undisclosed number of trust units on September 19. The transaction was reported in compliance with the Trust's Code of Conduct for Prohibition of Insider Trading.

Regulatory Compliance

The disclosure was made in the prescribed Form C, as mandated by Regulations 17.4.1 and 17.4.2 of the Trust's Code of Conduct. EnCap Investment Manager Private Limited, formerly known as Brookfield India Infrastructure Manager Private Limited, acting as the Investment Manager of Energy Infrastructure Trust, submitted the intimation to the BSE.

Management Statement

Ankitha Jain, Company Secretary & Compliance Officer of EnCap Investment Manager Private Limited, stated in the disclosure:

"Please note that, pursuant to Regulation 17.4.1 of the Code of Conduct for Prohibition of Insider Trading of Energy Infrastructure Trust, the Trust has received disclosure in the prescribed Form C from its Sponsor i.e. Rapid Holdings 2 Pte. Ltd., on September 22, regarding sale of units of the Trust by them on September 19."

About Energy Infrastructure Trust

Energy Infrastructure Trust, which previously operated under the name India Infrastructure Trust, is a publicly traded infrastructure investment trust. The trust is managed by EnCap Investment Manager Private Limited and is overseen by Axis Trustee Services Limited as the Trustee of the Trust.

Investors and market participants are advised to take note of this transaction as it involves a significant stakeholder of the trust. As always, any investment decisions should be made based on thorough research and individual financial goals.

Energy Infrastructure Trust , a prominent player in the infrastructure investment sector, is poised for a significant transformation as it moves towards becoming a public listed infrastructure investment trust (InvIT). This strategic shift, approved by the board of EnCap Investment Manager Private Limited, the trust's investment manager, marks a new chapter in the trust's journey and could potentially reshape its market presence.

Key Highlights of the Conversion Plan

• Public Offering: Energy Infrastructure Trust plans to offer up to 13,28,00,000 units through an offer for sale by its sponsor, Rapid Holdings 2 Pte. Ltd.
• Regulatory Compliance: The conversion process will be carried out in accordance with the Securities and Exchange Board of India (SEBI) InvIT Regulations and other applicable laws.
• Amendments to Key Documents: To facilitate the conversion, the board has approved amendments to the Indenture of Trust, Investment Management Agreement, and Distribution Policy.
• Unitholder Approval: An Extraordinary General Meeting (EGM) will be held to seek approval from unitholders for the proposed changes.

Implications and Next Steps

The conversion from a private to a public listed InvIT is a significant move that could enhance Energy Infrastructure Trust's market visibility and potentially broaden its investor base. However, this transition is subject to several conditions:

1. Approval from unitholders
2. Necessary regulatory approvals
3. Favorable market conditions
4. Compliance with SEBI InvIT Regulations

EnCap Investment Manager Private Limited, formerly known as Brookfield India Infrastructure Manager Private Limited, will continue to act as the investment manager for Energy Infrastructure Trust throughout this transition.

Market Impact

While the full impact of this conversion remains to be seen, it represents a notable development in the infrastructure investment trust landscape. The move could potentially increase liquidity for existing unitholders and provide new opportunities for public investors to participate in the infrastructure sector.

As the trust progresses with its conversion plans, market participants will likely keep a close eye on the upcoming EGM and subsequent regulatory approvals. The success of this conversion could set a precedent for other private listed InvITs considering similar transitions in the future.

Investors and market watchers are advised to stay informed about further updates as Energy Infrastructure Trust navigates this important transition in its corporate journey.