India, Feb. 19 -- Highways Infrastructure Trust (HIT), a SEBI-registered infrastructure investment trust (InvIT), announced on Wednesday that it has secured Rs.8,250 crore in debt financing, making it one of the largest such debt arrangements.

This funding will be used for the TOT (Toll, Operate and Transfer) functioning of a 251 km long stretch on the Hyderabad-Nagpur corridor of NH-44 in Telangana and 12 other road projects of which 11 are national highway hybrid annuity mode (HAM) assets and one state highway BOT (build, operate, transfer) project totalling to 3,800 km across Karnataka, Madhya Pradesh, Rajasthan and Uttar Pradesh. These 12 assets were formerly with PNC infratech.

"This financing, structured as a rupee-term loan with ...