Infratil has announced the opening of a NZ$150 million retail share offer as part of its equity raise.

The offer, which is non-underwritten, allows eligible shareholders in New Zealand and Australia to apply for new shares.

The price of the shares will be either the placement issue price of $10.15 or a 2.5% discount to the five-day volume weighted average price of Infratil shares.

Infratil has the discretion to accept oversubscriptions and scale back the number of new shares allotted.

The offer is subject to the terms and conditions in the retail offer document, and eligible shareholders are encouraged to read it carefully.

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