No immediate plan to get retail investors into NHAI InvIT: CEO Suresh Goyal
The National Highways Authority of India’s (NHAI’s) infrastructure investment trust (InvIT) has no immediate plan to allow retail investment into InvIT’s equity, said Suresh Goyal, managing director and chief executive officer of the trust.
The NHAI InvIT has issued bonds to encourage retail investment.
Goyal told a press conference on Thursday that deliberations were on with the Securities and Exchange Board of India (Sebi) to make the private-listed InvIT public. A decision on whether and when to make the transition would take time. The trust is barely a year old.
The trust issued non-convertible debentures (NCDs) worth Rs 1,500 crore, allowing investors to invest a minimum of Rs 10,000 at a 7.9 per cent coupon rate, with returns beginning from the eighth year.
