NHIT plans Rs 45 billion debt raise for road project acquisition

The National Highways Infra Trust (NHIT) intends to raise an additional debt of Rs 45 billion to facilitate the acquisition of two more operational road projects from its parent company. The acquisition process is expected to be completed by March 31, 2024. NHIT initially aimed at acquiring five road projects but has now proposed to acquire a portfolio of seven projects. The acquisitions will be funded through a total long-term debt of Rs 90 billion, with the estimated enterprise value of the seven assets totalling Rs 160 billion.