NHAI's Infrastructure Investment Trust (InvIT) which has been oversubscribed by about five times will be listed on the Bombay Stock Exchange on Friday. Infrastructure Investment Trusts 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 round#2 of InvIT has been oversubscribed almost 5 times in 10 per cent of the scheduled tenure," the Ministry of Road Transport & Highways said in a statement on Thursday. Tomorrow is the historic day as these InvIT NCDs will be listed on BSE and Road Transport and Highways Minister Nitin Gadkari will ring the bell marking a great beginning for public participation in infra funding, the statement said. "This round is special because 25 per cent of the non convertible debentures (NCDs) are reserved for retail investors," the statement said. With this option retired citizens, salaried individuals, small and medium business owners have a ..
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