Highway infra trust to raise ₹15,000 cr; halts bond sale plan
Financial Express Bengaluru|December 20, 2024
The National Highways Infrastructure Trust (NHIT), promoted by the National Highways Authority of India (NHAI), will raise around ₹15,000 crore through a mix of debt and equity for acquisition of the next round of assets in the next two months, a senior official said.
Mukesh Jagota

The debt will be raised from banks and financial institutions. The plan to borrow a part of the funds for acquisition of assets through the sale of bonds to the public has been shelved.

Earlier the NHIT had expressed its intention to raise ₹3,000 from the public this year. "The public issue of bonds will now come in the next financial year," the official who did not wish to be named said.

Denne historien er fra December 20, 2024-utgaven av Financial Express Bengaluru.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra December 20, 2024-utgaven av Financial Express Bengaluru.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA FINANCIAL EXPRESS BENGALURUSe alt
Financial Express Bengaluru

Apple begins hiring for new India stores

Expansion Push

time-read
1 min  |
March 11, 2025
Financial Express Bengaluru

Finmin mulls raising deposit insurance limit

The Deposit Insurance and Credit Guarantee Corporation (DICGC) may raise the deposit insurance limit beyond the existing ₹5 lakh, considering its financial position and the overall stability of the country's banking system, finance minister Nirmala Sitharaman informed Parliament on Monday.

time-read
1 min  |
March 11, 2025
Financial Express Bengaluru

Poverty of ambition

Zero tariffs for US drugs cost little but Indian firms must look beyond branded generics, seek R&D-driven growth

time-read
2 mins  |
March 11, 2025
Financial Express Bengaluru

Top realtors corner LRD loans at cheaper rates

WITH THEIR CREDIT profiles rising despite largely stagnant interest rates, top commercial property developers have been able to borrow against rent receivables at a rate lower by 75-to-100 basis points in the past year.

time-read
2 mins  |
March 11, 2025
Financial Express Bengaluru

Chhattisgarh liquor scam: ED raids premises of former CM Baghel, son

The Enforcement Directorate (ED) on Monday conducted searches at 14 locations in Chhattisgarh's Durg district, including the residence of former chief minister Bhupesh Baghel and his son Chaitanya, in connection with an alleged liquor scam.

time-read
1 min  |
March 11, 2025
Financial Express Bengaluru

Govt portal to give real-time data on job creation soon

THE GOVERNMENT IS likely to publish integrated real-time employment data on the 'Prayas' portal soon.

time-read
1 min  |
March 11, 2025
Financial Express Bengaluru

Parliamentary panel on railways calls for PPP push

TO REDUCE ITS dependence on gross budgetary support (GBS) from the central government, the Parliamentary Standing Committee on Railways has urged the ministry of railways to intensify its focus on public-private partnership (PPP) projects.

time-read
2 mins  |
March 11, 2025
Financial Express Bengaluru

Vanuatu PM orders cancellation of Lalit Modi's passport

The Indian High Commission had reached out to authorities in Vanuatu and made them aware about Lalit's antecedents and cases of economic offences pending against him

time-read
2 mins  |
March 11, 2025
Financial Express Bengaluru

Noida Airport opening delayed to June qtr: Zurich Airport CFO

THE OPENING OF the Noida International Airport, which is running six months behind schedule, is slated for inauguration in the June quarter, a top official of Zurich Airport said.

time-read
1 min  |
March 11, 2025
Financial Express Bengaluru

NEP issue stalls Parliament as DMK MPs, Pradhan spar

The ongoing war of words between the ruling BJP and DMK led to disruptions in the Lok Sabha on Monday, with Union education minister Dharmendra Pradhan forced to withdraw certain remarks following protests by Tamil Nadu MPs.

time-read
3 mins  |
March 11, 2025