Home / Economy / News / Canadian pension fund, LIC and NIIF keen to invest in NHAI InvIT

Canadian pension fund, LIC and NIIF keen to invest in NHAI InvIT

NHAI plans to put at least two-three projects worth Rs 5,000-6,000 crore under the InvIT by March-end.

infra, roads, highway, NHAI, construction

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InvITs work like mutual funds, enabling direct investment of small amounts of money from possible individual or institutional investors in infrastructure to earn a small portion of the income as a return.

Megha Manchanda Jyoti Mukul New Delhi

3 min read Last Updated : Dec 22 2020 | 6:05 AM IST

Canadian pension fund, Life Insurance Corporation (LIC) and National Infrastructure Investment Fund (NIIF) are among a host of investors that have shown interest in the infrastructure investment trust (InvIT) to be floated by the National Highways Authority of India (NHAI). The authority will be privately placing units of the InvIT for raising money.

It is learnt that over two dozen global and domestic investors evinced interest in the InvIT during a meeting last week. This is the first InvIT to be sponsored by the Centre. An investment manager company – National Highways Infra Investment Managers Pvt Ltd – has been formed.

Topics : Canada Pension Fund LIC NIIF NHAI

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