The National Highways Authority of India (NHAI)-sponsored National Highways Infrastructure Trust (NHIT) is likely to raise over Rs 200 billion from local and foreign investors in order to acquire 11 operational road assets. Further, these new assets are located in Karnataka, Andhra Pradesh, Karnataka, Uttar Pradesh, Uttarakhand, and Chhattisgarh. These are expected to be housed under a new special purpose vehicle (SPV).
Around Rs 100 billion is expected to be raised through the issuance of fresh equity units, with a similar debt component. Of the overall equity amount, some parts would come as new subscriptions from existing unitholders in proportion to their current holdings.