Infratil wanted $50m, applications topped $131m

Infrastructure investor Infratil has successfully raised $50 million from retail shareholders. The company, which owns a majority stake in Wellington International Airport among other investments, said the share offer was oversubscribed. Infratil said it received applications from existing shareholders for $131m of shares. The NZX sharemarket-listed company launched its capital-raising plan in early June, telling shareholders it wanted to increase its share capital to strengthen the balance sheet, allow it to invest in its existing portfolio, and take up ‘‘new opportunities that may arise as a result of current market conditions.’’