NHAI raises Rs 1,217 crore through InvIT, adds three road projects
National Highways Infra Trust, the infrastructure investment trust (InvIT) of National Highways Authority of India (NHAI), has raised Rs 1,217 crore from investors in its follow-on offer, the ministry of road transport and highways (MoRTH) announced on Monday.
The issue was fully subscribed before closing, with NHAI’s own share of investment being Rs 213 crore, MoRTH said. While the ministry had been planning to expand its investor pool, there is currently no information available on which institutional investors have been involved in the latest issue.
The latest issue involves the addition of three toll roads to the InvIT’s current portfolio — the Agra Bypass stretch in Uttar Pradesh (32.8 km), Shivpuri–Jhansi stretch in Madhya Pradesh (75.3 km), and Borkhedi–Kelapur stretch in Maharashtra (138.15 km).
