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NHAI's Upcoming InvIT Likely To Get Investments From Top Canadian Pension Funds And Indian Life Insurers: Report
Agra-Lucknow Expressway (Pic Via Wikipedia)
In a boost for the National Highways Authority of India (NHAI)'s much-awaited infrastructure investment trust (InvIT), top Canadian funds and Indian insurers are said to have lined up to invest big sums in it, reports Economic Times.
The Rs 5,100 crore InvIT is expected to begin subscriptions next month, and multiple Canadian funds could likely lap up as much as half of the InvIT's corpus on offer. The Canadian funds in the fray for this include Caisse de dépôt et placement du Québec (CDPQ), Canada Pension Plan Investment Board (CPPIB) and the Ontario Teachers' Pension Plan (OTTP).
It should be noted though that India’s biggest superannuation funds manager, the Employees’ Provident Fund Organisation (EPFO), is also said to have been approached for investment into the InvIT’s units.
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