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ARTICLE · 14 AUGUST 2024

NHAI Completes The Largest Infrastructure Investment Trusts Monetisation Round

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National Highways Infra Trust ("NHIT"), the Infrastructure Investment Trust ("InvIT") of NHAI, successfully concluded its fund-raising through 'InvIT Round-3...

IndiaTransport
Vishnu Sudarsan
Vishnu Sudarsan
Ashish Suman
Ashish Suman
Kartikeya G.S.
Kartikeya G.S.
Ayan Sinha
Ayan Sinha
Shruti Maheshwari
Shruti Maheshwari
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National Highways Infra Trust ("NHIT"), the Infrastructure Investment Trust ("InvIT") of NHAI, successfully concluded its fund-raising through 'InvIT Round-3' for national highway stretches of aggregate length of 889 kms (eight hundred and eighty-nine kilometers) at an enterprise value of over INR 16,000 crore (Indian Rupees sixteen thousand crore). This happens to be the largest tranche of monetisation by NHAI and one of the largest transactions in the history of Indian road sector

The units of NHIT saw subscription from both existing and new investors, which included foreign pension funds viz. Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan Board; domestic pension/provident funds (IOCL Employee's Provident Fund, L&T Staff Provident Fund, Rajasthan Rajya Vidyut Karamchari Pension Fund, SBI Pension etc.), insurance companies (Tata AIG, SBI Life, HDFC Life), other mutual funds and banks.

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