NHAI InvIT: Govt awaits Sebi clearance to replace urban with rural areas

The Infrastructure Investment Trust (InvIT) by the National Highways Authority of India (NHAI), which is expected to hit the market by the end of this fiscal year, is likely to be tweaked to better suit the prospective bidders. The Union government is awaiting approval from market regulator Securities and Exchange Board of India (Sebi) in this regard.

The road stretches in the urban areas, which were part of the earlier InvIT offering, have been removed in the proposal and replaced with the roads in rural areas.

According to a senior road ministry official, “The road stretch in and around Chennai