Funds are raised by NHAI InvIT through subsequent issuance

17 Oct 2022 CW Team

National Highways Infra Trust (NHAI InvIT), the infrastructure investment trust sponsored by National Highway Authority of India (NHAI) to support the Government of India's National Monetization Pipeline, has raised a total of Rs 14.3 billion through the placement of its units with domestic and foreign investors in order to partially finance the purchase of three additional road projects from NHAI.

Strong demand for the units was seen when they were placed with institutional investors. Both new and current investors participated in the process, showing their commitment to the deal. Several institutional investors have purchased the units, including the Ontario Teachers' Pension Plan Board, the Canada Pension Plan Investment Board, the State Bank of India, the SBI Pension Fund, the SBI Mutual Fund, the IOCL Employee Provident Fund, the L&T Staff Provident Fund, Rajasthan, and the SBI Pension Fund.

Along with the aforementioned, NHAI InvIT also submitted a prospectus to SEBI for the issuing of Non-Convertible Debentures (NCDs) in order to raise Rs 15 billion. The NCDs would have a 7.90% coupon that was payable twice a year and could be purchased by both retail and institutional investors.

Also read:
NHAI road awards at three-year low in first half of fiscal
NHAI invites DPR bids for Vizag flyovers

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..