NHAI to raise up to Rs.1,000 cr via bonds

NHAI to raise up to Rs.1,000 cr via bonds

The National Highway Authority of India (NHAI) plans to raise funds up to Rs.1,000 crore through public issue of tax-free, secured redeemable non-convertible bonds.

The issue will open on Thursday and is scheduled to close on December 31, 2015, with an option of early closure, it said in a statement.

“The funds raised through this issue will be utilised to part finance various ongoing projects under the NHDP., it added.