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Context: NHAI's InvIT will be a Trust established by NHAI under the Indian Trust Act, 1882 and SEBI regulations. The InvIT Trust will be formed the objective of investment primarily in infrastructure projects.
About: Union Cabinet chaired had approved the National Highways Authority of India (NHAI) setting up Infrastructure Investment Trust(s) (InvIT) in December 2019, the company has recently started meeting investor groups, as it prepares to come up with its InvIT issue.
The issue will enable NHAI to monetize its completed National Highways that have a toll collection track record of at least one year. The NHAI reserves the right to levy toll on identified highways and it will help the company raise funds for more road development across the country.
What are InvITs?
How does it work?
Why does NHAI need fund and how will it benefit the economy?
How does it benefit the investor?
Reference: https://indianexpress.com/article/explained/explained-how-nhai-plans-to-monetise-its-highways-through-invits-6605500/
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