Axis Bank Sells NHIT Stake for Rs 2.3 Billion
ECONOMY & POLICY

Axis Bank Sells NHIT Stake for Rs 2.3 Billion

Axis Bank has divested a 1.3% stake in National Highways Infra Trust (NHIT) for Rs 2.3 billion through an open market transaction. 
NHIT, an infrastructure investment trust (InvIT) sponsored by NHAI, was established in 2021 under the National Monetisation Pipeline initiative. According to BSE bulk deal data, Axis Bank sold 17.1 million units at an average price of Rs 133.80 per unit, valuing the transaction at Rs 2.29 billion. 
The details of the buyer(s) remain undisclosed. On March 26, NHIT units closed 3.31% lower at Rs 133.68 per unit on the BSE. 
Last week, SBI Mutual Fund also sold a 4.7% stake in NHIT for Rs 8.15 billion. Meanwhile, NHIT Southern Projects, a subsidiary, received approval from the Competition Commission of India (CCI) to acquire concession rights for 11 road projects from NHAI under the automatic green channel route. 

(money.rediff)  

Axis Bank has divested a 1.3% stake in National Highways Infra Trust (NHIT) for Rs 2.3 billion through an open market transaction. NHIT, an infrastructure investment trust (InvIT) sponsored by NHAI, was established in 2021 under the National Monetisation Pipeline initiative. According to BSE bulk deal data, Axis Bank sold 17.1 million units at an average price of Rs 133.80 per unit, valuing the transaction at Rs 2.29 billion. The details of the buyer(s) remain undisclosed. On March 26, NHIT units closed 3.31% lower at Rs 133.68 per unit on the BSE. Last week, SBI Mutual Fund also sold a 4.7% stake in NHIT for Rs 8.15 billion. Meanwhile, NHIT Southern Projects, a subsidiary, received approval from the Competition Commission of India (CCI) to acquire concession rights for 11 road projects from NHAI under the automatic green channel route. (money.rediff)  

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?