New Delhi, Oct 27 (SocialNews.XYZ) The second round of InvIT has been oversubscribed almost 5 times in 10 per cent of the scheduled tenure, said the Ministry of Road Transport and Highways on Thursday.
This round is special because 25 per cent of the NCDs (Non Convertible Debentures) are reserved for retail investors.
Union Road Transport and Highways Minister Nitin Gadkari was driving this agenda of giving an opportunity to the ordinary citizens of the country to invest in the infrastructure space.
With this option, retired citizens, salaried individuals, and small and medium business owners have a great opportunity to invest in building new India and at the same time get healthy returns (of at least 8.05 per cent per annum).
The Ministry said that Friday is the historic day as these InvIT NCDs will be listed on BSE and Gadkari will ring the bell marking a great beginning for public participation in infra funding.
Earlier, NHAI InvIT had filed a prospectus with SEBI for issuance of NCDs to raise funds.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
