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Economy
Mahesh

19/10/22 06:56 AM IST

NHAI InvIT

In News 
  • Union Minister of Transport and Highways announced recently that National Highways Infra Trust (NHAI InvIT) bonds will provide a return of 8.05 per cent each year.
NHAI InvIT
  • The National Highways Infra Trust (NHAI InvIT) is an infrastructure investment trust established by the National Highways Authority of India (NHAI).
  • Its purpose is to provide funding for the government’s National Monetisation Pipeline (NMP).
  • It was established under the Indian Trusts Act, 1882, and the SEBI (Security and Exchange Board of India) regulations.
  • The creation of the NHAI InvIT was approved in December 2019 by the Union Cabinet headed by Prime Minister Modi.
  • Currently, the National Highways Infra Trust is looking to raise an additional investment of Rs 3,800 crore. It was able to receive Rs.1,500 crore via the issuance of non-convertible debentures (NCDs) with a long-dated maturity of 24 years.
  • The InvIT bonds will be listed in the BSE and NSE to enable their trading in the stock market.
About InvITs
  • Infrastructure investment trusts (InvITs) are institutions that obtain investments from various categories of investors and invest them into complete and revenue-generating infrastructure projects to create profitable returns.
  • Their purpose is to increase investments in infrastructure development in India.
  • They are similar to mutual funds, having a trustee, sponsors, investment manager, and project manager.
Source- Business Standard 

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