National Highways Infra Trust (NHIT) is planning to raise an additional debt of Rs 4,500 crore to fund the acquisition of two more operational road projects from its parent company, the National Highways Authority of India (NHAI).
The acquisition of road assets is set to be concluded in the fourth quarter ending March 31 (Q4FY24).
NHIT, an infrastructure investment trust (InvIT), has proposed to acquire a portfolio of seven operational road projects from NHAI against an earlier envisaged five as part of its third round of asset acquisition.
