NHAI InvIT looks to raise additional Rs 3,800 cr: Minister Nitin Gadkari
National Highways Infra Trust (NHAI InvIT) is looking to raise additional Rs 3,800 crore, Road Transport and Highways Minister Nitin Gadkari said on Thursday.
Addressing an event organised by National Highways Infra Trust, Gadkari said that of the additional fundraise, around Rs 1,500 crores are being garnered through an issue of non-convertible debentures (NCDs) with a long-dated maturity of 24 years.
These InvIT bonds will be listed on BSE and NSE providing an opportunity for investors to invest and trade, he added.
NHAI InvIT is the infrastructure investment trust sponsored by the National Highway Authority of India (NHAI) to support the government’s National Monetisation Pipeline (NMP).
