NHAI InvIT approves 3rd round of asset acquisition
The National Highways Infrastructure Trust (NHIT) on Thursday approved the base price for acquisition of five highway stretches from National Highways Authority of India.
The base price was arrived at based on the report of an independent valuer and conveyed to NHAI in a sealed cover. This will be followed by bookbuilding and then approval of unit holders of NHIT before the road assets can be finally monetised.
The board of the NHIT also approved raising funds for the acquisition. While 50% of the funds would come as equity from existing unit holders, the remaining would come through debt. Debt could be raised through term loans or bonds.
