Oriental Infra Trust Share Price Live

Oriental InfraTrust is an irrevocable trust settled by Oriental Structural Engineers Private Limited ('OSEPL') and OrientalTollways Private Limited ('OTPL') (hereinafter together referred as 'Sponsors') on 15 June 2018 pursuant to the Trust Deed, under the provisions of the Indian Trusts Act, 1882 and registered with Securities and Exchange Board of India ('SEBI') vide Certificate of Registration dated 26 March 2019 as an Infrastructure Investment Trust under Regulation 3(1) of the Securities Exchange Board of India (Infrastructure Investment Trust) Regulations. The Trustee of the Trust is Axis Trustee Services Limited (the 'Trustee'). The Investment manager for the Trust is Indian Technocrat Limited (the 'Investment Manager'). The objectives of the Trust are to undertake activities as an infrastructure investment trust in accordance with the provisions of the InvIT Regulations and the Trust Deed. The principal activity of the Trust is to own and invest in theroad sector in India. All the road projects are implemented and held through special purpose vehicles ('SPVs/subsidiaries'). During the year ended 31 March 2020, the Trust acquired 100% equity control in following Project SPVs from the Sponsors w.e.f. 24 June 2019 which have entered into Concession agreement with National Highways Authority of India (NHAI) to design, build, finance, operate and transfer (DBFOT) or build, operate and transfer (BOT) National Highways in various locations. a. Oriental Nagpur Betul Highway Limited,b. Etawah-Chakeri (Kanpur) Highway Private Limited,c. Oriental Pathways (Indore) Private Limited,d. Oriental Nagpur Bye Pass Construction Private Limited and GMR OSE Hungund HospetHighways Private Limited. The trust acquired these portfolio of five road assets from the Sponsors, consisting of four toll road assets and one annuity road asset located in the states of Maharashtra, Madhya Pradesh, Uttar Pradesh and Karnataka. These roads are operated & maintained by the Project Manager & Major Maintenance Manager and managed by the Investment Manager. The road assets are governed by the irrespective Concession agreements with NHAI. The Year 2020 started with a major outbreak of COVID-19 pandemic which had significant impact on global markets including India. The road & highway sector was also impacted with reduction in toll revenues including suspension of toll collections from 26 March 2020 to 19 April 2020.