Union Minister for Road Transport and Highways Nitin Gadkari rang the bell at Bombay Stock Exchange at 9.15 am today in Mumbai and ceremoniously marked the listing of NHAI InvIT Non Convertible Debentures . Secretary MoRTH and Chairman, NHAI Alka Upadhyaya was present alongwith other dignitaries on the occasion. Gadkari thanked all the institutional and retail investors for their overwhelming response and reposing faith in credibility of NHAI.
Gadkari said the listing of InvIT NCDs on Bombay Stock Exchange is historic as it marks the new dawn for People’s Participation (Jan-Bhagidaari) in Infra Funding. He said we have reserved 25% of NCDs for Retail Investors. The round 2 of InvIT has been oversubscribed almost 7 times in just 7 hours of its opening. It offers an effective yield of 8.05% per annum with highest credibility, he added. The Minister said he felt very happy that we could finally give the Retail Investors (retired citizens, salaried individuals, small and medium business owners) an opportunity to participate in the Nation-Building activity. The minimum investment slab is just Rs 10,000 ,he added.
