The first of the InvITs may open around Diwali to raise ₹3,000-4,000 crore for the operation and maintenance of completed roads and highways, sources said.
State-owned National Highways Authority of India (NHAI) plans to raise close to ₹10,000 crores from the capital market through infrastructure investment trusts (InvITs), sources said.
The first of the InvITs may open around Diwali to raise ₹3,000-4,000 crore for the operation and maintenance of completed roads and highways, sources said.
An additional ₹5,000-6,000 crore worth of highways are expected to be moved to InvITs by December, paving the way for subsequent market offers to offer retail investors a chance to invest in the highway development program, one of two officials said, adding that a part of the ₹10,000 crore fundraising may spill over to the next year.
