NHAI InvIT likely to raise up to Rs 4,000 crore via two legs

State-run National Highways Authority of India (NHAI) is planning to raise up to Rs 4,000 crore for its infrastructure investment trust (InvIT), which is set to accelerate road asset acquisition, likely by forming a new special purpose vehicle under the trust structure.

While half of the funds may be raised by selling units in the InvIT to existing investors including Canadian pension funds CPPIB and OTPP, the rest of the money is likely to come from a public bond sale in the local market where retail investors can buy, said people familiar with the matter.