BUSINESSDESK: Tim Brown, head of capital markets and economic regulation at Infratil, was seriously injured by being hit by a Wellington bus owned by the company’s NZ Bus unit.

"His condition is serious and he is in intensive care in Wellington Hospital," Infratil chief executive Marko Bogoievski said.

"All our thoughts and prayers are with Tim and his family at this time."

The Wellington-based company acquired NZ Bus 2005 for $252 million.

NZ Bus is New Zealand’s largest public transport operator, operating services in the Auckland and Wellington.

It has about 1000 buses and 2000 employees.

Shares in Infratil last traded at $2.07 and have gained about 10% this year.