Alpha Alternatives to raise Rs 400 crore via Highway InvIT IPO

Alpha Alternatives is launching Anantam Highways Trust, an InvIT, aiming to raise 400 crore. The trust will initially hold seven HAM road projects across multiple states, covering 272 kilometers. This move reflects Alpha Alternatives' diversification into infrastructure, capitalizing on investor demand for yield-generating assets with stable, annuity-based income.