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NHAI gets Sebi nod for Rs.50,000-Cr InvIT

Business Standard  

The National Highways Authority of India (NHAI) has received the approval of the Securities and Exchange Board of India (SebI) to launch its maiden infrastructure investment trust to raise INR 5,100 crore. NHAI InvIT is a platform to monetise roads over the next 3-5 years. The initial set of roads are part of national corridors and provide excellent long-term prospects. NHAI plans to offer 19 projects worth INR 35,000 crore under the InvIT model.