Minister wants more retail investors to take part in NHAI InvIT
India wants more and more institution and retail investors to participate in its infrastructure development programme through fund raising tools including the NHAI InvIT, the second round of which was listed on the Bombay Stock Exchange on 28 Oct 2022.
Making the call, Minister of Road Transport and Highways, Nitin Gadkari, has assured, “Internal rate of return in road infrastructure projects is very good.”
Speaking after ringing the bell at BSE for the NHAI InvIT Non-Convertible Debentures listing, Gadkari confidently called on more retail investors to take part in next rounds and gradually overtake institutional investors.
“Twenty-six greenfield expressways and several other projects are in pipeline which will provide more investment opportunities,” he said.
“Huge investments in infrastructure especially roads, are crucial to the socio-economic development of our country.”
He also thanked all the institutional and retail investors for their overwhelming response and reposing faith in credibility of NHAI.
The listing of InvIT NCDs on Bombay Stock Exchange is historic as it marks the new dawn for People’s Participation (Jan-Bhagidaari) in Infra Funding, he said.
“We have reserved 25% of NCDs for Retail Investors. The round 2 of InvIT has been oversubscribed almost 7 times in just 7 hours of its opening. It offers an effective yield of 8.05% per annum with highest credibility,” the Minister pointed out.
He felt “very happy that we could finally give the Retail Investors (retired citizens, salaried individuals, small and medium business owners) an opportunity to participate in the Nation-Building activity.
“The minimum investment slab is just Rs 10,000.” fiinews.com
