Friday, July 11, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Investment

Investments: Canadian funds led in Rs.16,000cr raised by NHAI through InvIT

Fiinews by Fiinews
March 21, 2024
in Investment
Reading Time: 3 mins read
A A
0
Cppib En Logo
0
SHARES
25
VIEWS
LinkedinShare on Twitter

0:00

NHIT has established itself as a leading player in the InvIT space, says Jain

Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board lead investors in the Rs.16,000 crore raised by the National Highway Authority of India (NHAI), based on Enterprise Value, through ‘InvIT Round-3’ for 889-km of National Highway stretches.

The Canadian https://www.cppinvestments.com/ funds are existing unitholders and subscribed to the maximum limit of 25% each.

Others investors in NHAI InvIT were domestic pension/provident funds (IOCL Employee’s PF, L&T Staff PF, Rajasthan Rajya Vidyut Karamchari Pension Fund, SBI Pension etc.), insurance companies (Tata AIG, SBI Life, HDFC Life), mutual funds (SBI, Nippon India), banks and few others.

It is the largest fund https://www.otpp.com/en-ca/ raising under National Highways Infra Trust (NHIT), NHAI’s infrastructure Investment trust, the Ministry of Road Transport and Highways said on 19 Mar 2024.

A Letter of Acceptance (LOA) to raise the highest ever concession value through ’InvIT Round-3’ was issued in February 2024.

In the third round of monetization https://www.onlinesbi.sbi/ , NHIT has raised unit capital of around Rs.7,272 crore from marquee domestic and international investors and debt of around Rs.9,000 crore from Indian lenders.

This is to fund the acquisition of National Highway https://nhai.gov.in/ stretches, at a base concession fee of around Rs.15,625 crore, and additional concessional fees of Rs.75 crore.

The units were subscribed by investors through a book build process at a cut off price of Rs.124.14 per unit, at a premium over the current NAV of Rs.122.86 per unit https://morth.nic.in/ .

NHAI also subscribed to its share of ~15% of the units at the same price.

With completion of the third round of monetization the total realized value of all three rounds of InvIT stands at Rs.26,125 crore and holds a diversified portfolio of fifteen operating toll roads with an aggregate length of about 1,525 km spread across the 9 states – Assam, Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Telangana, Uttar Pradesh and West Bengal. The concession period for these stretches range between 20 to 30 years.

National Highways Infra Trust (NHIT) was set up in 2021 to support the Indian Government’s National Monetization Pipeline.

Commenting on the success of latest round NHAI’s monetisation, MoRTH Secretary Anurag Jain said on 19 Mar, “NHIT is a successful example of Public Private Partnership (PPP), in which it has played a very important role in supporting National Monetisation Pipeline https://www.conexpoconagg.com/ .

“While doing that NHIT has established itself as a leading player in the InvIT space, playing a critical role in channelizing financial capital into the further development of Indian roads sector.”

Santosh Kumar Yadav, NHAI Chairman, added, “We are pleased that NHIT has successfully completed the largest monetisation of roads for NHAI. We expect it to continue to play a stellar role in the monetisation and development of the Indian roads sector”.

Suresh Goyal, MD of the Investment Manager of NHIT, said, “We thank the existing investors for their continued faith and welcome the new partners for coming on board in strengthening NHIT and supporting NHAI in the development of India’s road sector.”

Since November 2021, NHIT has cumulatively raised around Rs.12,000 crore through first two rounds of monetization for acquisition of eight operating road assets with an aggregate length of 636 km from NHAI. Historically, units of NHIT were issued at a price of Rs.101 in November 2021 and were listed on both BSE and NSE. Fiinews.com

Tags: MoRTH
ShareTweetShare

Related Posts

IVCA
Investment

Invest: India requires $150-$200bn for renewables

by Fiinews
July 10, 2025
0
25

Mumbai to host Renewable Energy Summit 2025 India will require another US$150-US$200 billion investments for renewables over the next five...

Veeda Lifesciences Logo
Investment

Invest: Veeda to leverage Mango AI capabilities

by Fiinews
July 9, 2025
0
12

Dr Misra integrating LLM-GenAI into Querent™ for efficiencies Veeda Lifesciences, a global contract research organization (CRO) from Ahmedabad, is investing...

IPA

Invest: Serendipity Space raises pre-seed round

July 5, 2025
17
Indian Steel Association

Invest: India needs $200bn for expansion of mills

July 4, 2025
19
PIB

Invest: PSBs told to strengthen credit to MSMEs

June 29, 2025
17
PIB

Invest: Minister wants further development of IFSCS

June 28, 2025
21
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Project: Japanese delegation inspects DMIC progress
  • Project: Mindset change is critical for innovation
  • Project: 4,000% in installed solar capacity
  • Project: EV policies part of climate goals
  • Tech: ansrsource-ANSR reshape talent across India

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.