National Highways Authority of India (NHAI) will launch its maiden Infrastructure Investment Trust (InvIT) on 29 October, with which it aims to mop up Rs 5100 crore, as part of the government's long-term plans to monetise road assets.
According to the offer documents submitted with NSE, the issue will be opened on 29 October and closed on 2 November. The road assets which will be brought under the InvIT has an enterprise value of Rs8000 crore, where debt will be Rs2000 crore.
NHIT InvIT will hold the five toll road assets of 390 km, spread across Rajasthan, Gujarat, Telengana and Karnataka. The assets have an estimated revenue of Rs5......