The National Highways Authority of India (NHAI) has raised Rs 15,625 crore from monetisation of 10 highway stretches totalling 890-km, through infrastructure investment trust (InvIT) route. The latest round of InvIT takes the total amount raised by the agency through monetisation so far to Rs 1 trillion – Rs. 42,334 crore through TOT, Rs 26,125 crore through InvIT and Rs 42,000 crore through securitisation.
The road assets will be acquired by National Highways Infra Trust (NHIT) that is sponsored by NHAI. The NHAI holds 15.86% units in the InvIT while Ontario Teachers’ Pension Plan and Canada Pension Plan Investment Board hold 25% each and 9.86% by SBI Balanced Advantage Fund.
