NHAI InvIT: Become a business partner of the government by investing Rs 10000, Gadkari said – Historic day!

Oct. 29, 2022


0
3 min read
263

The National Highways Authority of India (NHAI) will issue NCDs (Non Convertible Debentures) through InvIT. Its trading will be done on BSE and NSE only. Union Minister Nitin Gadkari has expressed happiness over its listing.

Road Transport and Highways Minister Nitin Gadkari said, 'Today is a historic day and I am very happy.' Actually, the Union Minister said this on the occasion of listing of InvIT NCDs on Bombay Stock Exchange (BSE) on Friday. In order to give investment opportunity to the common citizens of the country in the field of infrastructure, the government has brought InvIT NCDs. In this, 25 percent NCDs (Non Convertible Debentures) have been kept reserved for Retail Investors.

Nitin Gadkari tweeted

In National Highway Authority of India (NHAI) InvIT NCDs (Non Convertible Debentures), you get returns up to 8.05 per cent more than banks and the minimum investment limit is just Rs 10,000. Nitin Gadkari tweeted that we have finally been able to give an opportunity to retail investors (retired citizens, salaried individuals, small and medium business owners) to participate in nation-building activities.

InvIt oversubscribed seven times

Nitin Gadkari further added that the second round of InvIT has been oversubscribed almost 7 times within just 7 hours of its opening. He said that the listing of InvIT NCDs on Bombay Stock Exchange is historic as it marks a new dawn for people's participation in infra funding. Now common investors will also be able to invest money in infra funds. This is a great opportunity to get at least 8.05 per cent returns annually.

 

important in socio-economic development

The Union Road Transport Minister said, 'InvIT bonds are a great opportunity to realize Prime Minister Narendra Modi's vision of a self-reliant India. Huge investment in infrastructure especially roads is very important for the socio-economic development of our country and I am sure more investors will participate in this.

Investment facility like equity fund

The National Highways Authority of India (NHAI) issues NCDs (Non Convertible Debentures) through InvIT, in which investors can become business partners of the government with an investment of Rs 10,000. The INVIT will have the facility to invest like any other equity fund. Its trading will be done on BSE only.

Nitin Gadkari expressed hope that more retail investors will be attracted towards it. The special thing is that it is different from other equity funds in the sense that if you keep money in it till the lock-in period, then you will get the fixed minimum return. Whereas other equity funds usually get returns according to the market and there is also a possibility of loss if the market falls.

stock-market Nitin-Gadkari InvIT Appreciate you stopping by my post! 😊

Add a comment


Note: If you use these tags, write your text inside the HTML tag.
Login Required