The National Highway Authority of India (NHAI) has awarded two toll, operate and transfer (TOT) bundles 11 and 12 of a combined length of 400 km for Rs 6,584 crore, which is Rs 553 crore higher than the bids received in the first round that was later called off by the government. TOT model has … Read more
The National Highways Infra Trust (NHIT), the infrastructure investment trust of the National Highways Authority of India (NHAI), will hit the market soon to raise ₹1,500 crore and another ₹5,000 crore by the end of this financial year. Officials told ET it will raise ₹1,500 crore via issuance of bonds carrying a coupon rate of … Read more
Three roads will be offered for fund raising through the Infrastructure Investment Trust (InVIT) of the National Highways Authority of India (NHAI) according to Transport Minister Nitin Gadkari. Speaking at the JPMorgan India Investor Summit, he said that a good response is expected for the same. “We (NHAI) are going to approach the capital market. … Read more
The National Highway Authority of India‘s first infrastructure investment trust has raised more than Rs 5,000 crore, Union Minister Nitin Gadkari said on Wednesday. Infrastructure Investment Trusts (InvITs) are instruments on the pattern of mutual funds, designed to pool money from investors and invest the amount in assets that will provide cash flows over a … Read more
National Highways Authority of India (NHAI) will launch its maiden Infrastructure Investment Trust (InvIT) on 29 October, with which it aims to mop up Rs 8000 crore, as part of the government’s long-term plans to monetise road assets. According to the offer documents submitted with NSE, the issue will be opened on 29 October and … Read more
MUMBAI: Mumbai-based Shrem Group, a family wealth investment office, is looking to double its asset portfolio in the road sector to Rs 15,000 crore under its infrastructure commonly called InvIT. The government’s push for rapid growth in the infrastructure sector will catalyse a massive fund flow in the Infrastructure Investment Trusts, Nitan Chhatwal, CMD of … Read more
NEW DELHI: The public issue of non-convertible debt (NCD) securities by IndiaGrid, an infrastructure investment trust that owns a number of assets in the power sector, opened for subscription on Wednesday. The NCD promises up to 8.2 per cent interest per annum, a considerably high yield on a paper with highest rating in a low … Read more
MUMBAI: Local investors HDFC MF, LIC of India, Nippon MF, Darashaw and Trust Capital are in talks with Mumbai-based Shrem group, which is set to launch an infrastructure (InvIT) of Rs 600 crore via an initial public offer, two people with knowledge of the matter told ET. The company will also raise about Rs 3,500 … Read more