Highway infra trust to raise ₹15,000 cr; halts bond sale plan

The National Highways Infrastructure Trust (NHIT), promoted by the National Highways Authority of India (NHAI), will raise around ₹15,000 crore through a mix of debt and equity for acquisition of the next round of assets in the next two months, a senior official said.

- Mukesh Jagota

The debt will be raised from banks and financial institutions. The plan to borrow a part of the funds for acquisition of assets through the sale of bonds to the public has been shelved.

Earlier the NHIT had expressed its intention to raise ₹3,000 from the public this year. "The public issue of bonds will now come in the next financial year," the official who did not wish to be named said.