Retail share of NHAI InvIT will go ahead: Gadkari

Buoyed by the overwhelming response from retail investors to NHAI’s recent invitation to issue NCDs worth Rs 1,430 crore, Union Highways Minister Nitin Gadkari said such fresh fund-raising on Friday in the retail segment would increase.

The minister addressed a BSE gathering after listing the second tranche of NHAI Infrastructure Investment Trust (InvIT) and NCDs, which raised Rs 1,430 crore earlier this month. The issue was subscribed to nearly seven times.

While 25 per cent of the issue was reserved for retail investors, NHAI did not specify how many times the retail portion was oversubscribed, instead saying it had received an overwhelming response.

Infrastructure investment trusts are mutual fund-like instruments designed to collect money from investors and invest in assets that will provide cash flow over some time.

“We want the more and more general public to invest in InvITs, I mean in our roads, and I can assure you that NHAI roads provide 100% protection to investors and the best internal rate of return. So, in the future, we will have more shares reserved for retail,” Gadkari said without divulging any numbers.

Addressing the gathering, NHAI Chairperson Alka Upadhyay also said that more units will be reserved for retail in the upcoming InvITs of NHAI but did not specify the quantum.

Gadkari said that InvIT had raised Rs 8,000 crore from foreign and domestic institutional investors, but the second tranche was particular as 25 per cent of NCDs were reserved for retail investors.


Hi, my name is Nisha and I'm an educational journalist based in India. I've always been passionate about the power of education to transform lives, and that's what led me to pursue a career in journalism focused on this area. I completed my Bachelor's degree in English from Hindu College in Delhi in 2013 and then went on to earn my Master's in Journalism and Mass Communication from the Indian Institute of Mass Communication in 2017. During my studies, I also completed several short-term courses on Education in India, Sociology, and other related subjects to deepen my knowledge in this field. I'm particularly interested in improving access to quality education in rural areas, where students often face significant challenges. I've worked on a number of initiatives to address this issue, including advocating for better policies, resources, and practices that can make a difference. As an educational journalist, I'm passionate about using my platform to highlight important issues in the education space. I've covered a wide range of topics, including the impact of technology in the classroom, innovative approaches to teaching and learning, and the challenges facing students from marginalized communities. One of the things I love most about my work is the opportunity to constantly learn and grow. I'm an avid reader and believe that reading is key to expanding one's knowledge and perspective. I'm always seeking out new ideas and insights to help me better understand the world around me. In summary, as an educational journalist, I'm dedicated to using my skills and expertise to make a positive impact in the field of education. I'm committed to improving access to quality education for all students and to using my platform to raise awareness about important issues in this area.

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