Minister of Road Transport and Highway Nitin Gadkari said on Friday: “Today is a historic day and I am very happy that we can finally give the Retail Investors (retired citizens, salaried workers, owners of small and medium-sized businesses) the opportunity to participate. to the Nation-Building business. The minimum investment plate is only Rs 10,000.”
Gadkari said 25 percent of NCDs are reserved for retail investors. “The listing of InvIT NCDs on the Bombay Stock Exchange is historic as it marks the new dawn for People’s Participation (Jan-Bhagidaari) in Infra Funding. We have reserved 25 percent of the NCDs for private investors. InvIT’s second round is oversubscribed almost 7 times in just 7 hours of opening. It offers an effective yield of 8.05 percent per year with the highest credibility.”
Huge investments in infrastructure, especially roads, are crucial for the socio-economic development of our country, according to the minister. “InvIT bonds are a great opportunity to realize Prime Minister Narendra Modi Ji’s vision of #AatmanirbharBharat. Huge investments in infrastructure, especially roads, are crucial for the socio-economic development of our country and I am convinced that more private investors will participate in subsequent rounds and gradually catch up with institutional investors,” he added.
Earlier, the ministry had said that the second round of InvIT has been oversubscribed almost 5 times in 10% of its planned tenure.
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