The infrastructure investment trust (InvIT) is planning to raise Rs 2,000 crore from investors to acquire two to three road assests from its parent firm the National Highways Authority of India (NHAI), reported Livemint.
Set up last year by the NHAI, InvITs are collective investment vehicles that allow direct investments from individual and institutional investors in infrastructure projects, and give them a small portion of the income in returns.
InVIT was set up by the NHAI to monetise its assets and raise funds to build highways. NHAI has raised Rs 6,000 crore through its InVIT, in which CPP Investments and Ontario Teachers’ Pension Fund picked up 25 per cent each as anchor investors.
