NHAI InvIT to be listed on stock exchange on Friday

NHAI’s Infrastructure Investment Trust (InvIT) which has been oversubscribed by about five times will be listed on the Bombay Stock Exchange on Friday. Infrastructure Investment Trusts are instruments on the pattern of mutual funds, designed to pool money from investors and invest in assets that will provide cash flows over a period of time. “The … Read more

NHAI’s borrowing increased 4-fold in 5 years

The total borrowings of the National Highways Authority of India (NHAI) has increased four-fold in the past five years, the highways ministry told Rajya Sabha on Monday. Till this March end, the cumulative borrowing stood at approximately Rs 3.1 lakh crore compared to Rs 74,742 crore in March 2017. In a written reply to a … Read more