India’s first public InvIT for road, highway projects in the works

After the success of the National Highways Authority of India’s (NHAI’s) first infrastructure investment trust (InvIT) with foreign institutional investors, the Centre is working on a proposal to launch a fresh InvIT for national highways, where domestic retail investors can hold units of the trust, a senior executive informed Business Standard.

“NHAI is in the process of going for a public InvIT. The Securities and Exchange Board of India (Sebi) regulations require five entities to be there for the InvIT — sponsor, investment manager, project special purpose vehicle, project management com