NHAI Bets Big On Asset Monetisation; Likely To Expand Size of Upcoming InvIT To Rs 15,000 Crore: Report
NHAI Likely To Expand Size of Proposed Infrastructure Investment Trust To Raise Rs 15,000 Crore: ReportNamakkal-Karur Highway (Reliance Infrastructure/NHAI)

Betting big on asset monetisation, the National Highways Authority of India (NHAI) is said to be planning to expand the size of its proposed infrastructure investment trust (InvIT) to raise as much as Rs 15,000 crore, reports Moneycontrol.

NHAI is likely to raise the entire sum of Rs 15,000 crore in two rounds as it looks to monetise about 32 more operational road assets spanning 1,500 kilometres. It is likely to raise Rs 5,100 crore in the first round by monetising assets of about 390 kilometres. Thereafter, 20 of the 32 roads, totalling 1,000 kilometres will be brought under the said InvIT in the second round.

NHAI has already begun discussions with sovereign and pension funds to sell around 85 per cent of the units in the InvIT.

It should be noted that NHAI's upcoming InvIT has already received approval from market regulator SEBI in May, and the InvIT is expected to hit the markets in July.

InvITs operate as trusts, structured to own and manage infrastructure assets such as roads, ports, power plants, warehouses.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber