Business Standard

Nitin Gadkari wants retail investors to pip institutions in NHAI InvIT

Next InvIT issuance will have higher reservation for retail investors, says MoRTH Secretary Upadhyaya

Nitin Gadkari

Union Road Transport and Highways Minister Nitin Gadkari

Dhruvaksh Saha New Delhi
Weeks after floating bonds for retail investors, Union road transport and highways minister Nitin Gadkari said on Friday that he seeks for retail investors to invest more in upcoming issuances of the National Highways Authority of India (NHAI) Infrastructure Investment Trust (InvIT).

The minister also wants them to gradually overtake institutional investors in the trust.

The ministry of road transport and highways (MoRTH) intends to give more road assets to InvITs this fiscal year, through another follow-on issuance.

The current issuance of non-convertible debentures (NCDs) worth Rs 1,500 crore was subscribed over eight times within eight hours of its issuance

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First Published: Oct 28 2022 | 8:34 PM IST

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