NHIT Aims for Rs 200 Bn in Largest Fundraising Effort
11 Feb 2025
2 Min Read
CW Team
The National Highways Infrastructure Trust (NHIT), backed by the National Highways Authority of India (NHAI), is set to raise over Rs 200 billion from domestic and international investors in the coming weeks for acquiring 11 operational road assets. This marks the fourth and largest fundraising round for the trust.
For the first time, the Employees鈥� Provident Fund Organisation (EPFO) will participate as an equity investor. Approximately Rs 100 billion is expected to be raised through fresh equity issuance, with an equivalent amount from debt financing. A portion of the equity funding will come from existing unitholders in proportion to their current holdings. The final amount will be determined through the book-building process.
The NHIT's major unitholders include Canadian funds Ontario Teachers' Pension Plan Board and CPP Investment Board Private Holdings, each holding 25 per cent. NHAI holds 15.48 per cent, while SBI AMC owns 9.34 per cent. With the latest asset acquisition, more equity investors are expected to join, including the EPFO.
The NHIT model enables the trust to manage operational highway projects, collect toll revenues, and distribute returns to investors. This structure, along with the toll-operate-transfer (TOT) model, helps NHAI reduce its financing burden. Proceeds from asset monetisation through InvITs are used to repay debt.
Since inception, NHIT has raised Rs 258.99 billion via InvIT and acquired 15 road stretches covering 1,525 km across nine states. The latest acquisitions will include roads in Karnataka, Andhra Pradesh, Uttar Pradesh, Uttarakhand, and Chhattisgarh.
For 2024-25, NHAI aims to raise Rs 540 billion through InvIT, TOT, and project-based financing. It has already monetised two road stretches for Rs 83.53 billion this fiscal year. A total of 34 highway stretches spanning 2,822 km have been identified for monetisation. Meanwhile, NHAI has repaid Rs 560 billion in debt this financial year, with a budgetary allocation of Rs 1.7 trillion set for FY25.
News source: Financial Express
The National Highways Infrastructure Trust (NHIT), backed by the National Highways Authority of India (NHAI), is set to raise over Rs 200 billion from domestic and international investors in the coming weeks for acquiring 11 operational road assets. This marks the fourth and largest fundraising round for the trust.
For the first time, the Employees鈥� Provident Fund Organisation (EPFO) will participate as an equity investor. Approximately Rs 100 billion is expected to be raised through fresh equity issuance, with an equivalent amount from debt financing. A portion of the equity funding will come from existing unitholders in proportion to their current holdings. The final amount will be determined through the book-building process.
The NHIT's major unitholders include Canadian funds Ontario Teachers' Pension Plan Board and CPP Investment Board Private Holdings, each holding 25 per cent. NHAI holds 15.48 per cent, while SBI AMC owns 9.34 per cent. With the latest asset acquisition, more equity investors are expected to join, including the EPFO.
The NHIT model enables the trust to manage operational highway projects, collect toll revenues, and distribute returns to investors. This structure, along with the toll-operate-transfer (TOT) model, helps NHAI reduce its financing burden. Proceeds from asset monetisation through InvITs are used to repay debt.
Since inception, NHIT has raised Rs 258.99 billion via InvIT and acquired 15 road stretches covering 1,525 km across nine states. The latest acquisitions will include roads in Karnataka, Andhra Pradesh, Uttar Pradesh, Uttarakhand, and Chhattisgarh.
For 2024-25, NHAI aims to raise Rs 540 billion through InvIT, TOT, and project-based financing. It has already monetised two road stretches for Rs 83.53 billion this fiscal year. A total of 34 highway stretches spanning 2,822 km have been identified for monetisation. Meanwhile, NHAI has repaid Rs 560 billion in debt this financial year, with a budgetary allocation of Rs 1.7 trillion set for FY25.
News source: Financial Express
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..
