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Spotlight: CPPIB-backed NHAI InvIT on a smooth ride but faces a few bumps

VCCircle · 11m

The National Highways Authority of India (NHAI) recently announced a new corporate strategy for its infrastructure investment trust (InvIT), National Highways Infra Trust (NHIT). While this rebranding is not a major development on its own, it highlights the challenges faced by NHIT in attracting investors due to concerns about the performance of the Indian toll road sector. However, the backing of the Canada Pension Plan Investment Board (CPPIB) provides some reassurance and may help attract more investment.