NHAI files draft prospectus for first InVIT; plans to raise at least ₹5,100 cr
Mumbai: The National Highways Authority of India (NHAI) on Monday filed draft papers with markets regulator Sebi to set up an Infrastructure Investment Trust (InvIT) to raise ₹5,100 crore.
NHAI plans to mop up a total of ₹5,100 crore through fresh issue, as per the draft papers filed with the Securities and Exchange Board of India (Sebi). In addition, there would be an offer-for-sale.
An infrastructure investment trust is a quasi debt instrument that provides investors with a steady yield derived from cashflows from operating infrastructure projects such as roads, transmission lines or renewable energy projects.
