Weeks after floating bonds for retail investors, Union road transport and highways minister Nitin Gadkari said on Friday that he seeks for retail investors to invest more in upcoming issuances of the National Highways Authority of India (NHAI) Infrastructure Investment Trust (InvIT).
The minister also wants them to gradually overtake institutional investors in the trust.
The ministry of road transport and highways (MoRTH) intends to give more road assets to InvITs this fiscal year, through another follow-on issuance.
The current issuance of non-convertible debentures (NCDs) worth Rs 1,500 crore was subscribed over eight times within eight hours of its issuance in October, according to the ministry. It had a 25 per cent reservation for retail investors.
