NHIT

March 16 (Reuters) - National Highways Infra Trust NATG.NS:

• APPROVES DISTRIBUTION OF 1.16 RUPEE PER UNIT FOR PERIOD ENDED JANUARY 2026

Source text: ID:nBSE3b4Brz

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Feb 12 (Reuters) - National Highways Infra Trust NATG.NS:

• NATIONAL HIGHWAYS INFRA TRUST DEC-QUARTER CONSOL PAT 2.47 BILLION RUPEES

• NATIONAL HIGHWAYS INFRA TRUST DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 11.04 BILLION RUPEES

Source text: ID:nnAZN4SGDHO

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Dec 3 (Reuters) - National Highways Infra Trust NATG.NS:

• NITRO ASIA HOLDINGS BUYS 195.6 MILLION SHARES IN INDIA'S NATIONAL HIGHWAY INFRA TRUST VIA BULK DEAL - NSE DATA

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By Ashwin Manikandan and Dharamraj Dhutia

MUMBAI, July 15 (Reuters) - State Bank of India SBI.NS is seeking senior creditor status to gain early rights on repayments in case of default or liquidation of the state-owned road authority's investment trust (InvIT), two sources aware of the matter told Reuters.

The lender, the country's largest, has written to the National Highway Authority of India (NHAI) seeking this status on its investments in National Highways Infra Trust (NHIT), the sources said on Monday.

An InvIT is an investment vehicle that raises funds by issuing units. NHIT is the manager of NHAI's InvITs.

The sources requested anonymity as the talks are private. SBI, NHAI and NHIT did not reply to a Reuters mail seeking comment.

The move follows NHAI's plan to raise 200 billion rupees ($2.33 billion) by monetising its road assets through InvITs, according to Mint, a business daily.

It has already raised 460 billion rupees through four rounds of InvITs since 2020, including a 183-billion-rupee round in March, India's biggest road monetisation exercise to date.

SBI has significant exposure to India's road sector including projects backed by NHAI's InvITs. In 2018, it signedan agreement with NHAI for a 10-year loan unsecured loan of nearly $3 billion.

Under current rules, InvITs are not governed by India's bankruptcy laws, and typically, the unitholders of these trusts hold priority in the repayment hierarchy, one of the sources said.

SBI has flagged the lack of creditor protection under these regulations for quite some time, the source added.

"The lender is not at all happy with the arrangement and has been discussing the tweaks," the second source said.

As part of the monetisation, NHAI transfers the ownership and operational responsibilities of completed highway stretches to the InvIT, which issues units to investors who are paid from the toll revenues.

InvITs are regulated by the Securities and Exchange Board of India, the country's capital markets regulator.

The total assets under management of five listed and 16 unlisted InvITs in India exceeded 7 trillion rupees as of March-end, according to data from Bharat InvITs Association.

($1 = 85.8430 Indian rupees)

(Reporting by Ashwin Manikandan and Dharamraj Dhutia; Editing by Sonia Cheema)

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April 2 (Reuters) - National Highways Infra Trust NATG.NS:

• NATIONAL HIGHWAYS INFRA TRUST - SURESH GOYAL TO CONTINUE AS MD & CEO UNTIL MAY 8, 2025

Source text: [ID:]

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Feb 13 (Reuters) - National Highways Infra Trust NATG.NS:

• NATIONAL HIGHWAYS INFRA TRUST - NHAI ACCEPTS NHIT OFFER FOR PROJECT ASCENT ROADS AT 176.41 BILLION RUPEES

Source text: ID:nNSE4FBlFZ

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MUMBAI, Jan 29 (Reuters) - India's National Highways Infrastructure Trust (NHIT) has accepted bids worth 20.32 billion rupees for separately transferable redeemable principal part (STRPP) bonds with a nine-year and 10-year maturity, two merchant bankers said on Wednesday.

The company will pay a coupon of 7.75% and had invited coupon and commitment bids for the issue on Wednesday, the bankers said.

NHIT did not immediately reply to a Reuters request for comment.

Here is the list of deals reported so far on Jan. 29:

*Size includes base plus greenshoe for some issues

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

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MUMBAI, Dec 10 (Reuters) - India's National Highways Infrastructure Trust has withdrawn its planned bond issue of staggered redemption bonds with a maturity of 20 years, three bankers said on Tuesday.

The company had invited coupon and commitment bids for the issue earlier in the day and has not provided any official reason for the withdrawal, they said.

National Highways Infrastructure Trust did not immediately reply to a Reuters request for comment.

Here is the list of deals reported so far on Dec. 10:

*Size includes base plus greenshoe for some issues

(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)

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MUMBAI, Dec 4 (Reuters) - India's National Highways Infrastructure Trust plans to raise 14 billion rupees ($165.35 million), which includes a greenshoe option of 7 billion rupees, through the sale of staggered redemption bonds with a maturity of 20 years, three bankers said on Wednesday.

The company has invited coupon and commitment bids for the issue on Tuesday, they said.

National Highways Infrastructure Trust did not immediately reply to a Reuters request for comment.

Here is the list of deals reported so far on Dec. 4:

*Size includes base plus greenshoe for some issues

($1 = 84.6710 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Abinaya Vijayaraghavan)

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BENGALURU, March 20 (Reuters) - Two big Canadian pension funds invested a total of C$595 million ($438.3 million) in India's National Highways Infra Trust (NHIT) NATG.NS this week, dialling up their bets on the poll-bound South Asian country's booming infrastructure sector.

In the trust backed by the Indian government for developing national highways, the Canada Pension Plan Investment Board and the Ontario Teachers' Pension Plan Board invested C$297 million and C$298 million, respectively, the funds said in separate statements on Tuesday and Wednesday.

The investments come as India, where general elections commence next month, has been seeing continued momentum in pre-poll government spending, benefitting construction companies across sectors such as cement, wiring and realty.

The share of road-related projects compared to overall tenders grew to 42% in the quarter ended December 2023 from 40% a year earlier, grabbing the largest slice of orders, data from India Ratings & Research showed.

Proceeds from the capital raise will be used to acquire seven road concessions across central, eastern and southern India, Ontario Teachers' said, expanding NHIT's portfolio to operations at 15 toll roads.

($1 = 1.3576 Canadian dollars)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Janane Venkatraman )

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By Dharamraj Dhutia and Bhakti Tambe

MUMBAI, March 1 (Reuters) - India's National Highways Infra Trust (NHIT) is set to tap the domestic corporate bond market via a debut private placement of bonds in the next two months, four sources directly aware of the matter said on Friday.

The company is likely to opt for longer-duration bonds of more than 15 years and would look to raise around 20 billion rupees to 30 billion rupees ($241 million-$362 million), the sources said.

"NHIT will go for zero-coupon bonds of maybe 17-year or 18-year duration as that becomes an attractive proposition for long-term investors who do not want to get involved in re-investments for regular receivables for a longer period of time," one of the sources said.

The company is a wholly-owned subsidiary of National Highways Authority of India and manages toll road projects.

Another source said that the company would conduct a board meeting next week and more details on the timing and exact duration for the issue would be finalised at that time.

The sources requested anonymity as they are not authorised to speak to media, while the company did not immediately respond to a Reuters email seeking comment.

Long-term investors are looking to aggressively invest funds in higher-rated securities as they are witnessing heavy inflows, coinciding with some slowdown in overall debt supply.

The company's bonds are rated AAA by rating agencies, which implies the highest amount of security. It had raised 15 billion rupees through its first ever debt issuance when it tapped the market through a public issue in October 2022.

($1 = 82.8660 Indian rupees)

(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Sonia Cheema)

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May 16 (Reuters) - National Highways Infra Trust NATG.NS:

• TO CONSIDER RAISING OF FRESH FUNDS

Source text for Eikon: ID:nBSE9l8D3Y

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