Highways InvIT to be open for retail investors, says Nitin Gadkari

Govt to approach capital markets next month to raise funds for four road projects: Gadkari

The Union Minister of Road Transport and Highways Nitin Gadkari on Tuesday said the Centre will be approaching capital markets next month and seek retail investments in highway projects.

“We will soon be listing an infrastructure investment trust (InvIT) on the stock market,” the minister said, adding a caveat — it’s an experimental approach, which is why there will be a cap on retail investment.

InvITs are instruments on the pattern of mutual funds, designed to pool money from investors and invest in assets that will provide cash flows over a period of time.

The central government had previously approached