.. Nhai Raises Over Rs 5,000 Crore Through Invit: Gadkari
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06 Nov 2021

Summary

  • The National Highway Authority of India's first infrastructure investment trust has raised more than Rs 5,000 crore, Union Minister Nitin Gadkari said on Wednesday.

  • Infrastructure Investment Trusts (InvITs) are instruments on the pattern of mutual funds, designed to pool money from investors and invest the amount in assets that will provide cash flows over a period of time.

  • "Under the National Monetisation Pipeline (NMP), which is based on 'Creation through Monetisation', the NHAI has launched its InvIT to monetise NH projects and has demonstrated a strong ability to attract a wide variety of sophisticated global investors.

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