Union Minister for Road Transport and Highways, Mr. Nitin Gadkari rang the opening bell at Bombay Stock Exchange this morning to mark the listing of Non Convertible Debentures of National Highways Authority of India Infrastructure Investment Trust- NHAI InvIT.
Speaking on the occasion, Mr. Gadkari said the listing marks a new dawn for people’s participation in infrastructure funding. Mr. Gadkari informed that 25 percent of the Non Convertible Debentures – NCDs have been reserved for retail investors with the minimum investment slab being just ten thousand rupees.
He added that the NCDs offer an effective yield of 8.05 percent per annum with highest credibility.
Thanking investors for their overwhelming response, Mr. Gadkari announced that Round 2 of the InvIT has been oversubscribed almost 7 times in just 7 hours of its opening.
Stating that investment in infrastructure, especially construction of roads is crucial for the socio-economic development of the country, Mr. Gadkari hoped that more and more retail investors will participate in the upcoming rounds and lend their support in this nation-building activity.