Citius TransNet Investment Trust has received unitholder approval to raise its aggregate borrowing and deferred payment limit to 49 percent of total asset value, in line with SEBI’s Infrastructure Investment Trust regulations.
The proposal was approved through a postal ballot process that concluded on June 10, 2026.
Units of the InvIT rose 0.39 percent to ₹106.89 on Friday and touched an intraday high of ₹107.19.
Near-unanimous approval
More than 52 crore units participated in the voting process out of nearly 61 crore outstanding units, resulting in participation of over 85 percent.
Voting results showed:
- 99.99 percent of votes supported the proposal.
- Opposition stood at just 0.007 percent.
Support came from:
- Sponsor entities
- Investment manager
- Project managers
- Institutional investors
- Non-institutional investors
Higher borrowing headroom
With the approval, the trust can raise consolidated borrowings up to 49 percent of the value of its infrastructure assets.
The move provides greater flexibility for:
- Acquisitions
- Refinancing existing debt
- Portfolio expansion
A larger debt capacity also allows the InvIT to pursue growth opportunities without issuing additional equity.
Potential acquisition capacity
Market participants expect the increased leverage limit to strengthen the trust’s ability to add new assets.
According to estimates cited by analysts, Citius could potentially acquire infrastructure assets worth:
- ₹1,500 crore to ₹2,000 crore
depending on the size of its existing asset base.
Investors are also monitoring whether sponsor-owned assets under potential Right of First Offer (ROFO) arrangements could be transferred to the trust in the future.
Refinancing opportunities
The expanded borrowing limit could also help management refinance existing debt through:
- Longer-tenure bonds
- Structured bank financing
Such refinancing may lower borrowing costs and improve cash-flow efficiency.
Regulatory safeguards remain
SEBI regulations require InvITs operating with higher leverage to maintain strong credit standards.
Trusts with elevated borrowing levels are generally expected to hold:
- AAA-rated
- Or AA-rated
credit profiles.
About the trust
Managed by EAAA TransInfra Managers Ltd., Citius TransNet Investment Trust invests primarily in transportation infrastructure assets.
The trust focuses on projects developed under:
- Hybrid Annuity Model (HAM)
- Toll-Operate-Transfer (TOT)
frameworks.
TL;DR:
Citius TransNet Investment Trust has secured 99.99% unitholder approval to raise its borrowing limit to 49% of total asset value, giving it more flexibility to pursue acquisitions and refinancing opportunities.
AI summary:
- Citius TransNet received 99.99% support for its borrowing proposal.
- The InvIT can now raise borrowings up to 49% of asset value.
- More than 85% of outstanding units participated in voting.
- Higher leverage could support acquisitions and refinancing.
- The trust focuses on transportation infrastructure assets.