JSA advised Data Infrastructure Trust (“Data InvIT”), registered as an infrastructure investment trust (“InVIT”) under the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 and sponsored by Brookfield Asset Management, in connection with issue of listed, rated, secured, redeemable, non-convertible debentures for an aggregate amount of INR 3,200,000,000 (Indian Rupees Three point Two Billion) (“NCDs”) on a private placement basis by Data InvIT to a mutual fund (“Investor”).

This is the maiden listed bond issuance by the Data InVIT. The InvIT holds special purpose vehicles which are engaged in the business of setting up and maintaining passive tower infrastructure and related assets and providing passive tower infrastructure services and shared telecom infrastructure provider.