The Canadian Pension Plan Investment Board and Ontario Teachers’ Pension Plan will be the anchor investors of the much-awaited Infrastructure Investment Trust (InvIT) of the National Highways Authority of India (NHAI), and will pick up 25 per cent equity each in the Rs 6,000-crore issue.
Apart from the anchor investors, NHAI will retain a minimum of 15 per cent equity, while the rest will be offered to domestic institutional investors, the firm announced on Wednesday. The InvIT, which was launched on October 29 and closed on November 2, is a private placement instrument for international and domestic institutional investors.
Launched as part of the National Monetisation Plan (NMP) to monetise the NHAI’s road projects, the InvIT has an initial portfolio of five operating toll roads located in Gujarat,
