Citius Transnet Investment Trust IPO

About Citius Transnet Investment Trust

Registered in the Republic of India as an irrevocable trust set up under the Indian Trusts Act, 1882, on July 21, 2025 and registered as an infrastructure investment trust under the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, on August 1, 2025 having registration number IN/InvIT/25-26/0032.

Infrastructure development is a key factor in India's long-term economic transformation, serving as a catalyst for productivity and connectivity. Over the past decade, the country has witnessed a fundamental transformation in its transport landscape, from expressways and dedicated freight corridors to modern metro systems and expanding airport networks. These developments have significantly improved connectivity, reduced logistics costs, and supported industrial growth, establishing infrastructure as a key pillar of India's growth narrative. India's economic expansion and the government's long-term Viksit Bharat 2047 vision have placed infrastructure at the centre of policy planning. Total infrastructure investments are expected to nearly double from Rs.47.8 trillion during FY2019-24 to ~Rs.93 trillion in FY2025-30, reflecting sustained public spending and growing private sector participation. Transport infrastructure alone is projected to attract Rs.42-45 trillion over FY2025-30, underscoring its pivotal role in supporting the movement of goods, people, and services across sectors. During FY2025-30, of the total investment potential across the transport infrastructure, roads is expected to attract the largest share at Rs.33-35 trillion, followed by Rs.3-3.5 trillion in metro rail, Rs.2-3 trillion in logistics infrastructure, Rs.1-1.5 trillion in ropeways, and Rs.1-1.2 trillion in airports. These investments highlight the government's focus on multimodal transport integration, sustainable mobility, and logistics efficiency while also presenting significant opportunities for private participation.

The Trust is a transport sector-focused infrastructure investment trust (the Trust), established with an objective to acquire, manage and invest in a portfolio of transport infrastructure assets, including roads, in India. It was settled by way of the Trust Deed, by the Sponsor, and registered as an InvIT with SEBI on August 1, 2025, in accordance with the provisions of the InvIT Regulations. The sponsor of the Trust is Epic TransNet Infrastructure Private Limited (formerly known as Watrak Infrastructure Private Limited) (the Sponsor). Its Sponsor is wholly owned by the schemes of the Infrastructure Yield Trust (that is, Infrastructure Yield Plus II, Infrastructure Yield Plus IIA and India Infrastructure Yield Plus II), an AIF managed by EAAA India Alternatives Limited (EAAA). As of March 31, 2025, EAAA managed three out of the 16 funds focused on infrastructure investments and ranks third among infrastructure investment managers by total assets under management (AUM) (Source: CRISIL Report). EAAA operates a diversified, multi-strategy platform, in large, under-tapped and fast-growing alternative asset classes, focusing on providing income and yield solutions to a diverse client base, including, global pension funds, insurance companies and ultra-high net worth individuals. It is supported by an asset management team of 61 members (in addition to in-house teams of its Initial Portfolio Assets comprising 279 employees), 71 employees in the Project Manager of the Trust and 80 investment professionals as of December 31, 2025. Its sponsor group comprises the Sponsor, Infrastructure Yield Trust (through its schemes Infrastructure Yield Plus II, Infrastructure Yield Plus IIA and India Infrastructure Yield Plus II), Epic Transnet Project Management Private Limited (formerly known as Chennai-Tada Tollway Private Limited) (the Project Manager), and Neelambur Madukkarai Tollway Private Limited (collectively, the Sponsor Group).

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