Nitro Asia Holdings picks over 10% stake in National Highways Infra Trust

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26 Aug, 2025 12:21

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Singapore-registered company Nitro Asia Holdings has picked up over 10 percent stake in National Highways Infra Trust via open market transactions on December 3.

National Highways Infra Trust units price increased by 1.53 percent on Wednesday to close at Rs 149.75 on the NSE.

Nitro Asia Holdings II has bought 19.56 crore units (equivalent to 10.1 percent of total outstanding units) in the infrastructure investment trust for Rs 2,905.2 crore. The buying price for the units was Rs 148.53 per unit.

The National Highways Infra Trust was set up by the National Highways Authority of India in October 2020 to invest in national highway projects. National Highways Infra Investment Managers is the investment manager to the infrastructure investment trust.

CPP Investment Board Private Holdings (4) Inc, and 2452991 Ontario, which are the shareholders in the infrastructure investment trust, each sold 9.78 crore units (5.05 percent stake) for Rs 1,452.62 crore.

CPP Investment Board Private Holdings (4) Inc, and 2452991 Ontario each held 25 percent stake in National Highways Infra Trust.

Meanwhile, First Water Fund has bought 3 lakh shares (0.4 percent of paid-up equity) in Uflex, the packaging solutions provider, for Rs 14.31 crore, from K2 Family Private Trust. The exchange of shares has taken place at a price of Rs 477 per share.

First Water Fund is the shareholder in Uflex with 2.47 percent stake as of September 2025. The stock has been under pressure, despite intermittent small buying interest, since May 2025, falling 0.83 percent on Wednesday to Rs 477.45.

Karnataka Bank was also in focus, which has been consolidating for the last six consecutive sessions especially after sharp rally in previous three days, declining 0.15 percent to Rs 211.61. Aditya Kumar Halwasiya has net bought 21 lakh shares in the bank at Rs 205.6 per share, for Rs 43.17 crore.