The National Highways Infra Trust (NHIT) plans to raise Rs 4,500 crore through term loans to acquire a portfolio of five operational road assets from its parent NHAI.
The estimated enterprise value of these assets is likely to be above Rs 9,000 crore.
Banking sources said this transaction was part of an asset monetisation of toll operate transfer (ToT) arrangement. The funding for the acquisition has two components — long-term debt and equity. While debt will be around Rs 4,500 crore, the balance will be through the equity raised by the issuance of infrastructure investment trust (InvIT) units.
