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NHAI to raise Rs 10,000 cr via public issue

Investors will soon get the option of investing in tax-free infrastructure bonds worth Rs 10,000 crore, as the National Highways Authority of India (NHAI) plans to come out with a public issue by the middle of November. “We plan to raise the entire amount through a public issue in one go, because we need money to invest in the highways,” said a senior NHAI official, who did not want to be identified. He said there were risks of going into the market with such huge amount in one go but is hopeful of the issue getting fully subscribed. “Many firms have sector-wise cap on ...