The placement of participations with institutional investors generated strong demand from both existing investors, who returned their commitment by participating in the process, and new investors.
The shares are subscribed by a large number of institutional investors, including Canada Pension Plan Investment Board, Ontario Teachers’ Pension Plan Board, State Bank of India, SBI Pension Fund, SBI Mutual Fund, IOCL Employee Provident Fund, L&T Staff Provident Fund, Rajasthan Rajya Vidyut Karamchari Pension Fund, TATA AIG and
The units were subscribed through a book build process for Rs 109 per unit, at a premium above the bottom price of Rs 107.12 per unit.
In addition to the above, NHAI InvIT has also filed a prospectus with SEBI for the issuance of non-convertible bonds (NCDs) to raise Rs 1,500 crore.
The NCDs would bear a 7.90 percent coupon, payable semi-annually and be available for subscription by both retail and institutional investors.
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