The National Highways Authority of India (NHAI) has started re-engagement with investors for its infrastructure investment trust (InvIT), which has been delayed by over a year.
The second wave of the pandemic led to a decline of 15-20 per cent in toll revenue in May, which picked up after the lockdown restrictions were eased in June. “We need to apprise domestic and international investors about the impact of lockdown on the traffic, therefore we are re-engaging with them via virtual roadshows,” a senior official in the know told Business Standard.
He said the InvIT should be able to see the light of the day soon. Approval from the Securities and Exchange Board of India (Sebi) is in place to launch its maiden InvIT to raise Rs 5,100 crore.
