NHAI gets Sebi nod for its maiden InvIT, seeks to raise Rs 5,000-cr

The National Highways Authority of India (NHAI) has received the approval of the markets regulator to launch its maiden infrastructure investment trust to raise Rs 5,100 crore.

The Securities and Exchange Board of India (Sebi) last week approved the NHAI InvIT, expected to be launched in a month’s time.

In the future, the authority plans to offer 19 projects worth Rs 35,000 crore under the InvIT model.

NHAI InvIT is a platform to monetise roads over the next 3-5 years, the official said, adding that the initial set of roads are part of national corridors and provide excellent long-term prospects.